Shady operators dupe Lankans in Doha
Some Sri Lankans in Doha are falling prey to illegal and unscrupulous
financial institutions back home. The institutions solicit deposits
promising high returns and eventually gobble them up.
The victims are highly critical of the regulatory authorities at home
for not acting tough against the shady operators.
One Sri Lankan resident asking not to be identified said he had
fallen victim to a nasty financial scam at home and lost his hard-earned
savings. He was bitterly critical of the regulators for allowing such
shady operators to "flourish" in the country.
Sri Lanka is experiencing increasing numbers of financial scandals,
making deposits, especially in unauthorised financial institutions,
highly risky, several Sri Lankans told the Peninsula newspaper.
"I advise fellow Sri Lankans to trust only recognised banks back home
with their deposits," said Mohamed Faizer, a Doha based accountant. Many
Sri Lankans in Doha are depositing their money in various financial
institutions at home in a misguided way, trusting those individuals and
institutions who may be undermining or bypassing the rules and
regulations of the country with promises of extraordinary yield.
"There have been several financial scandals in the recent past and no
action has been taken," said M Jameel, a Sri Lankan resident.
The Peninsula
|