UAE: Salik rejects fake claims offering residents ‘monthly income of Dh35,600’

 

The toll gate operator of Dubai Salik has dismissed the statement claiming that through investing in its shares one can be paid an estimated “Dh35,600, Monthly” as being fake.

The Dubai-listed company said through a statement to the media that it has noticed an increase in the ‘scams of fake assurances of investment opportunities in Salik.’

Salik’s Chief Executive Officer is Ibrahim Al Haddad; currently, there is a fake website with his photo going around. The website claims that the CEO has “recently engaged the government on the policy change which gives every citizen the opportunity to own a share in Salik through a new trading floor.”

It adds: “For instance, the reader can make $9,700 (approximately Dh35,600) monthly from Salik shares at a $250 (approximately Dh917) stake.”

It also requires a person to input his/her name, an email address, and UAE mobile phone number.

salik shares which are readily available on the Dubai Financial Market to interested investors are in UAE dirhams not dollars as portrayed by the website. Similarly, the shares of the known toll gate operator floated at Dh 3.380 on Friday a gain of 0.595 per cent. Salik is among the most popular shares because the nature of the business does not demand high capital investment.

In a statement, Salik urged its ‘customers and anyone who is its current or potential investor to be wary of fake lntsntes which are in form of fake websites, emails and social media accounts in the name of the company that seek to defraud unsuspecting people.

”There has been an upsurge in phishing messages within the last few months making fake promising investment in Salik and offering insecure links for recharging accounts and purchasing tags”, the statement said.

“Furthermore, it is instructed not to click on dubious links or pop-ads and visit Salik’s official website and communication channels for the latest security updates,” the statement added.

Salik freshly renewed its terms and conditions for motorists and customers, with a maximum of Dh10,000 fine per vehicle in a year.

Under the newly-released requirements, the maximum total amount of fines in relation to the Salik tolling system that may be imposed per vehicle for violation shall not exceed Dh10,000 in any given calendar year from January 1 to December 31, it said.