Caution urged about unsafe investments

Caution urged about unsafe investments

Experts and citizens have warned about the dangers of unsafe investments promoted by some fictitious and dubious 'companies' through websites, social media platforms or SMS, promising people quick profits. In statements to local Arabic daily 'Arrayah' recently, the experts and citizens told such 'companies' mostly market themselves through websites and personal communication platforms, asking their 'victims' to transfer sums of money directly or through intermediaries.

They can stop their activities and change their name within hours to open another so-called company with a different name and account. Others do so within days, taking advantage of weak control in the countries in which they operate, the daily was told.

The experts advised that individuals who want to invest money in foreign 'companies' should first check with Qatar's embassies in the countries where the companies are supposedly located. The embassies can help them enquire about such 'companies' or seek the assistance of trusted local brokers, in addition to benefiting from the experience of investment companies located in Qatar.

They also stressed the need to seek the assistance of specialised legal offices to obtain legal advice and assist them in knowing the identity of the 'companies' and their legal position before making any financial