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• The theft was discovered after an extended period when the accounts at the bank did not match.
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• “If anyone complains about being cheated, swift action will be taken. Two cases have already been filed over two apps that were shut down. Police have also arrested people.”
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• Though such get-rich-quick scams have been operating for years, little effective action has been taken to stop them.
• A BTRC official said that in 2022, the regulator requested 150 Play Store casino apps to be closed.
• “Bangladesh Bank’s job is to make the payment system safe, risk-free and easy to use,” he said.

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On these titles, there are no options to change the language, which means you’ll have to make do with English. “The apps allow you to ‘chat’ with women of different ages on video calls in the live chat. Their target is mainly expatriate Bangladeshis. Many are wasting their money on live chat rooms day and night.” Many people addicted to these games can be seen in parks, shops or even in the spectator gallery at fields across the country. However, even if these apps cheat massively, the customers have few options. At the start, the app gives payouts hundreds of times larger than the deposit. The Tk 50 bet is converted to several thousand and returned to the digital wallet.

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He spent Tk 160,000 on an app called ‘Ultima’ and, in a month, received Tk 8,000 in dividends at a rate of 5 percent. You can feel far more connected to the action, the other options are functional. With the more modern HTML5 technology the problem disappeared, Castle Builder. Its a serious looking slots game that does a good job of capturing some of the tension and excitement of the original show, however.

• Of the money Shobuj ‘invested’ in the app, Tk 40,000 was from his savings.
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• On June 26, Shobuj filed a case against 13 suspects, noting the names of eight members of the fraud gang.
• “Bangladesh Bank monitors suspicious transactions. But it is impossible to monitor the purpose for which a person or business engages in a money transaction.”

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Rubel Hossain, one of the investors on the app, said, “If someone invests money in the app through me, a commission is credited to my account. The more investment you attract, the larger the commission you get.” Law enforcement, in turn, spoke about legal and technical limitations preventing proper action. Of the money Shobuj ‘invested’ in the app, Tk 40,000 was from his savings. He received the rest by taking out a loan from an NGO in his mother’s name. Nine months ago, tile setter Shobuj Ali dreamed of getting rich overnight.

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