UAE-based investors who have purchased investments linked to failed US investment bank Lehman Brothers from the National Bank of Fujairah (NBF), have asked the UAE Central Bank to urgently resolve the complaint they have filed against NBF.
Investors are seeking the Central Bank's help in a complete waiver of repayment of leverage (loans) offered by NBF and the money they have invested in Capital Protected Notes sold by NBF.
Investors cite that similar complaints lodged by investors against banks in Singapore, Hong Kong and Europe have already been settled with waiver on the repayment of the leverage while in some cases banks have agreed to repay investors' money.
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