Tag / bank
Australians disbelief to find that former Westpac CEO Shayne Nelson is now jailing bank customers , threatening Interpol red notices and illegally harassing debt victims
News • Sep 24, 2017 22:30 BST
Australian Shane Nelson was the CEO of Westpac Bank, and is now the CEO of Emirates National Bank of Dubai. He claims he wants to see debt decriminalised in the Emirates, a popular expat destination. His bank though is one of the worst abusers of criminal law in the UAE. They continue to jail debtors, illegally and aggressively harass and threaten Interpol and extradition.
Press Releases • Sep 19, 2017 11:16 BST
Expats in Dubai often get caught up in a nightmare of debt, thanks to unregulated credit being pushed at them every day. Missing one payment means jail, as debt is a criminal offence in the UAE (as opposed to a civil matter in the Western world.) Often people take loans in good faith but their circumstances change and they flee before being sent to jail, but their problems are far from over.