The National
The National
The National
The National

An elderly customer’s life savings wiped out


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I am writing this on behalf of my dad, who is an 80-year-old UAE resident. I want to tell The National’s readers about fraudulent activity through his bank and the need for us all to be alert.

Dad holds an account with a bank in the UAE. In November 2023, he was a victim of fraud through his debit card, which was debited for four transactions within two minutes. His life savings disappeared. He raised a complaint immediately and the bank confirmed they were placing these transactions on hold and would not process the amount for 60 days.

If the merchant did not claim the amount within that time, the bank said the funds would be credited back to dad’s account. But after 65 days, the bank transferred the money to the merchant, mentioning that the sum had been claimed.

We have been following up with this bank ever since. I have reached out to the police, thanks to whom I was able to access online services to lodge a complaint, but it requires regular follow-up. I am not in the UAE and cannot expect my father to run around at his age.

I think there are many more victims who have faced similar issues with no resolution. All we ask is to get his savings back from the bank.

Vineet Gajria, via email

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Updated: January 24, 2025, 3:00 AM