The Dubai Financial Services Authority (DFSA) has issued an alert to advisers and their investors of a current fraudulent e-mail scam facilitated through [email protected] which is claiming to be sent by His Excellency Abdullah Mohammed Saleh, Governor of the Dubai International Financial Centre (DIFC).
The e-mail is touting loan funds for up to US$3.5 million offered at an interest rate of 3.5% per annum. It’s this seemingly attractive rate that will arouse the interest of individuals seeking finance, warns the DFSA.
The e-mail supports its scam by stating that the DIFC provides loans for procuring investments projects subject to a borrower supplying indepth information including a project report or a feasibility study, signing a Memorandum of Understanding (MoU) with the DIFC; and paying application fees.
The DFSA emphasises that the MoU is a false document which has been used by the scammers to legitimise the fraudulent activity. Neither does the DIFC provide access to lines of credit, charge fees for accessing funds, or require individuals or companies to be licensed or registered with any free- zone in the UAE other than the DIFC.
Anyone with concerns about the authenticity of any DIFC or DFSA correspondence or documents can use the DFSA Complaints function on www.dfsa.ae.
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