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DHAKA: Bangladesh Bank (BB) has warned young entrepreneurs against fraudsters attempting to collect money by promising loans under its ‘Uddyog’ programme, an initiative aimed at identifying, selecting and financing young entrepreneurs at the upazila level.
The central bank urged everyone concerned to remain cautious and refrain from making payments to individuals or groups offering to secure loans under the programme.
The warning was issued in a post on Bangladesh Bank’s official social media page on Thursday (November 5).
According to the notice, the central bank has recently become aware that certain individuals are attempting to collect money through mobile financial services, including bKash, and other channels by enticing people with promises of arranging loans under the ‘Uddyog’ programme.
Bangladesh Bank clarified that all activities under the programme are being conducted with transparency, impartiality and due adherence to established procedures.
In this regard, the central bank specifically urged prospective entrepreneurs not to pay any individual or group in exchange for a guarantee of obtaining loans or assistance in securing financing under the initiative.
The central bank also clarified that it does not have any official Facebook page or account on other social media platforms under the name ‘Uddyog’.
It warned that legal action would be taken against individuals or groups involved in spreading misleading information or conducting fraudulent activities through fake Facebook pages or other social media accounts using the name ‘Uddyog’.
Such action would be taken under the applicable laws, including those relating to information and communication technology, the notice added.
