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Indian wins UAE bonds worth Rs 1.1 cr

VE Kutty, who hails from Kerala, was the first winner to scoop big money in UAE national bonds.

india Updated: May 10, 2006 11:14 IST

An Indian has won UAE's first National Bonds worth over Rs 1.1 crore but insisted he will continue working on his former job.

Valiyakath Ebrahim Kutty Abdul Saleem, 47, who hails from Kerala, was the first winner to scoop big money in the UAE's recently established National Bonds' prize worth Rs 1.1 crore draw.

"Of course I am very happy as anyone would be with this good fortune but I will continue to live as I always have," Saleem, a resident of Abu Dhabi, told Gulf News.

"I am going to continue working and bringing my young family up as normal," he said.

He hopes to continue donating money to charities in Kerala. He lauded the scheme for the impact it will have on funding UAE development projects.

First Published: May 10, 2006 11:14 IST