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Tag / banking

Australians  disbelief to find that  former Westpac CEO Shayne Nelson is now jailing  bank customers ,  threatening Interpol red notices and illegally harassing debt victims

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.

Expats advised: Prepare properly if forced to leave debts in the UAE.

Expats advised: Prepare properly if forced to leave debts in the UAE.

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.

Trapped as Dubai dream goes sour.  Brits stuck in homelessness nightmare surviving on handouts.

Trapped as Dubai dream goes sour. Brits stuck in homelessness nightmare surviving on handouts.

Press Releases   •   Sep 11, 2017 07:30 BST

Thousands of Brits are trapped in Dubai, forbidden to leave the country, not allowed to work, with debts they can’t pay, and the constant threat of jail hanging over them. Why? Because they missed credit card or loan payments.