Legal proceedings could be launched this week against an international bank in Bahrain after five families claimed they were duped out of $40 million.
The families claim they have been mis-sold complex financial products that they did not fully understand and were not made fully aware of the consequences, write Mandeep Singh and Rebecca Torr in a Gulf Daily News report.
They were allegedly told they would replace their usual standard currency transactions and they would benefit from a discount compared to rates they got from other banks.
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