CBB warns about two fake financial institutions
- Date: 06-Aug-2020
- Source: 24×7 News
- Sector:Financial Markets
- Country:Bahrain
CBB warns about two fake financial institutions
Manama: Mahmood Rafique, Editor: The Kingdom of Bahrain's Central Bank has issued a warning about two fake self-acclaimed financial institutions following the alleged frauds committed by Bridge Capital Advisors and Green Knight Financial Services in Bahrain.
The Central Bank of Bahrain (CBB) in a statement issued
on Thursday warned consumers against dealing with unlicensed self-acclaimed financial
institutions to offer investment in securities.
This warning comes as a result of a reported about
alleged investment frauds committed in the Kingdom by two entities, “Bridge
Capital Advisors” which claims to be based in Malaysia and “Green Knight
Financial Services” which claims to be based in the United