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Complete Story
07/30/2020
SIM swap fraud: UAE bank told to reimburse customer’s life savings of Dh4.7 million
Gulf News
The case dates back to 2017 when the customer’s money was stolen from his account which the bank had then closed without his knowledge.
EL Daye said that Dubai Court of Appeal upheld the Commercial Court judgment on Wednesday.
El Daye said the court has ordered the bank to pay the customer Dh4.7 million with a nine per cent interest from the date the case was lodged.
“Our client had come back on a visit to the UAE in May 2017 to discover his account had zero balance. The man was informed his account had been closed and was advised by bank employees to file a criminal case. But our team recommended to him to file a civil claim to get his money,” said El Daye.
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