OFFICIAL HSBC NOTIFICATION

Avoid Fraudulent High Yield Investment Programs

HSBC received alerts from cautious customers about some fraudulent approaches from individuals stating that they should invest in PPP (Private Placement Programs) schemes whereby an exceptional amount of returns are guaranteed within an extremely short tenure. This is in the form of High Yielding Investment Programmes / Financial Instruments, examples of which are as under

· The Scheme talks about offering 300% returns to HSBC Bank customers over a short period of time through pledging of Fixed Deposit (FDs). The amount will be utilized in high return instruments by the operator. The FDs should be above INR 50 Crores.

· Funds in excess of INR 50 Crores needs to be transferred to the mentioned account, This will be pledged against, SBLC issued favoring other customers. This scheme assures high returns to investors.

Instructions for Customers

· Kindly record details of individuals, companies & any available documentation of a suspect proposal pertaining to PPP schemes wherein you have been approached for investments in these schemes / routing of such funds through HSBC accounts. · Since such schemes are fraud prone do not invest in such schemes and contact your Relationship Managers / HSBC branch staff for guidance immediately.