A screenshot of the bogus investment scheme (inset).


Dubai: Beware of this investment scam, says Emirates

Emirates airline has warned UAE residents of fraudsters using its company name to mislead people with an investment scam.

Posts have circulated on social media claiming that Emirates has launched a new platform for the public to invest in Emirates stocks with nearly 10 percent in monthly returns. Users who click on the post are directed to registration page, which has since been taken offline.

“You have a unique opportunity to generate $9700 a month by investing in Emirates shares starting at $200,” according to the bogus posts.

According to an Emirates spokesperson, the airline has no such platform for investments. The spokesperson also cautioned residents against responding to such posts, and added that Emirates announcements are only hosted on its official website and verified channel.

Authorities in the UAE have repeatedly warned residents against responding to unsolicited messages and “too-good-to-be-true” offers, urging the public to do their due research and to never give out personal or banking details. ICA/Expat Media

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