Fraud Alert
It has come to our attention that fraudsters are contacting members of the public purporting to be the Chairman or other authorized representative of Emirates Investment Bank indicating that Emirates Investment Bank is holding a substantial amount of money for them. The recipient of such communication is eventually asked to pay a small fee in return for collecting a much larger amount of money. Please be aware that this is fraudulent activity and is widely known as Advance Fee fraud.
Advance Fee fraud is a well-established scam that purports to offer the opportunity to earn a substantial sum of money for allowing funds to be transferred to your account in exchange for a small transfer fee. The approach can be made by letter, fax, email or telephone and invariably claims to be from a high ranking government or bank official and may appear genuine if taken at face value. The scams often claim that you have been recommended by a business contact as a highly respected and trusted individual with high integrity. Victims of this fraud are repeatedly coerced to part with sums of money in order to help the transfer process and as the fraud progresses; a considerable amount of money can be lost. The promised transfer, of course, never arrives.
Should you receive this type of communication, the advisable action to take is to ignore it and to make no contact with the individuals. Kindly also forward any communication you have to fraud@eibank.com so that we can update our records and track such scams.
