Written by The Banking Post
A fraud ring posing as Dhaka Stock Exchange (DSE) agents has come under the watch of intelligence agencies after duping investors with fabricated information and false promises.
Acting DSE Managing Director Mohammad Asadur Rahman said the group, based in Narayanganj, used the bourse’s name, logo, and office address to lure victims through WhatsApp and other digital platforms. “They tricked investors into believing they were authorised representatives. We expect legal action against them soon,” he told reporters at a briefing in Dhaka on Tuesday.
The scammers reportedly used artificial intelligence tools to appear credible. Their method was to collect a small amount from an investor, return a portion as “profit,” and then demand larger sums. In one case, Tk 4,000 was taken, of which Tk 2,000 was returned as bait. Later, the fraudsters demanded as much as Tk 40,000 before disappearing.
The DSE has already filed complaints with Khilkhet police on August 3 and 26 and issued warnings to all brokerage houses. The exchange stressed that only licensed brokers authorised by the DSE or the Chittagong Stock Exchange are legitimate investment channels.
Calling on investors to remain vigilant, Asadur said many fall prey to such scams out of carelessness. The DSE advised checking the list of approved brokers published on its website and that of the CSE before making any investments.
