Group says scammers deceiving people into investing in fake shares.

The Al Habtoor Group (AHG) has cautioned people in the UAE and around the world about a fake website that masquerades as Emirati daily Al Ittihad. The group said the website, www.alittihadae.com, published a fake report on September 8 about a young man who purportedly became a millionaire after investing in a non-existing AHG company.

It said that scammers are trying to deceive people into investing in fake shares in the group, claiming they are offered for trading.

Khalaf Ahmad Al Habtoor, founding chairman of AHG, said his office received multiple calls about the authenticity of the ‘news’. The callers said they were invited to invest in the ‘new project’.

Al Habtoor said: “I was very shocked and disappointed to learn about this fraudulent attempt to deceive people and embezzle their hard-earned money. I thank everyone who contacted my office and me directly. I…

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