Hello, I am needing to confirm the validity of this investment company before committing to flying out to Dubai for this 7-figure transaction. I would like to verify that this is not a scam of some sort.
Company is located in the UAE/Dubai
Company Name: Al Rostamani Capital or Al Rostamani Capital Group
Website: (https://alrostamanicapitalgroup.com/)
[Al Rostamani Capital Group - Investment Company]
I’ve tried researching on my own, but find mixed information and would like to have a professional opinion as it has been difficult to verify this due to the company being located in the UAE, time difference, etc. The origination fee was only $940 USD, however due to the fact that the transaction involves money over $1M, they are saying that international monetary regulation applies and there is a process we have to go through to make our company eligible to receive the investment fund from their group. There is a Central Bank UAE Contract Legalization Fee of $38,650 AED or $10,500 USD (to the proposed investment capital).
Any help would be much appreciated.
Thank you.
Hi,
Thanks for reaching out! I totally understand the need to be cautious, especially with such a significant amount involved.
From what you’ve described, there are a few red flags here. The origination fee and the Central Bank UAE Contract Legalization Fee sound unusual and could be potential warning signs. Legitimate investment companies typically don’t require such upfront fees, especially ones that are this high.
I did a quick check on the Al Rostamani Capital Group website you mentioned, and it doesn’t seem very trustworthy. Firstly, there’s limited information available which is already concerning. Secondly, I believe this is a clone website pretending to be part of the Al Rostamani Group: http://www.alrostamanigroup.ae. They use the same office location and logo, but based on my research, Al Rostamani Capital Group has nothing to do with the actual legit holding. Thus, it really seems like a scam.
Given the high stakes and the challenges in verifying the company due to its location and time difference, my suggestion would be to avoid proceeding with this transaction. It’s better to be safe and not risk your hard-earned money on something that seems off.
If you need any recommendations on reliable investment companies or have other questions, feel free to ask!
Best,
Andris
Update
Hello Andris,
Thank you so much for your response. I just wanted to follow up with you and let you know the outcome. You were right. These people were pretending to be from the original/legitimate company, posing as investing members. Basically, all the insight you provided turned out to be correct. Unfortunately, the trip to Dubai was already made/in progress by the time we were able to read your reply. The people we had been communicating with, and were supposed to have met with, never showed up; however, they sent a lady secretary to collect the “fee” who was now asking for it in cash (which was never agreed upon). My partner visited the company’s address in person and inquired about these people and proposed dealings. They had not heard of any of the people we had been talking with and informed us they had no affiliation with their company. It is unfortunate this happened, and amazing the lengths people will go for a scam, but in the end, lesson learned!
Thank you again for your assistance in this matter.
Hey,
Thank you so much for your kind message. I’m sorry to hear about the unfortunate situation, but I’m glad my insights were helpful. We’re always delighted to hear if our efforts to protect people from fraud and scams are helpful.
Safeguarding our users from falling victim to deceptive schemes is a core part of our mission.
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Best regards,
Andris