The Abu Dhabi Civil Family and Administrative Court has dismissed a case where a man alleged that another individual unlawfully retained Dh478,084, which was supposedly provided for cryptocurrency investment.
The court ruled that the plaintiff failed to provide sufficient evidence proving the existence of an investment agreement or the reason for the bank transfers.
The plaintiff had claimed he transferred the funds in several instalments as part of an investment arrangement and sought repayment with a 12 percent annual interest from the date of filing until full settlement.
The defendant denied the allegations and submitted documents requesting dismissal.
In its ruling, the court noted that the transfers only demonstrated money moving between two individuals and that it was the plaintiff's responsibility to prove a legal basis for the transactions.
It highlighted that, by default, liability cannot be assumed and that any debt claim requires supporting evidence.
The court also clarified that it was not obliged to instruct the plaintiff to provide additional proof and that decisions must rely solely on the documents presented.
With the plaintiff failing to substantiate his claim, the case was dismissed, and he was ordered to cover court fees and legal costs.
