Acting Managing Director of the Dhaka Stock Exchange (DSE) Mohammad Asadur Rahman today spoke at a press conference at the Capital Market Journalists' Forum (CMJF) auditorium in Dhaka. Photo : BSS

DHAKA, Aug 26, 2025 (BSS) - Acting Managing Director of the Dhaka Stock Exchange (DSE) Mohammad Asadur Rahman today urged the investors not to fall prey to fraud rings that lure people with promises of high returns through WhatsApp, Facebook and other social media platforms.

"Intelligence agencies have identified a Narayanganj-based WhatsApp group behind fraud schemes targeting investors," he said while speaking at a press conference at the Capital Market Journalists' Forum (CMJF) auditorium in the city.

He said there is no opportunity to trade in the stock market without using licensed stockbrokers, stock dealers and mobile applications approved by the stock exchange. 

"Therefore, I urge everyone not to be tempted into trading in any other way," he said.

He mentioned that a group is using the logos and addresses of the Bangladesh Securities and Exchange Commission and both stock exchanges on WhatsApp and Facebook. 

"This is completely illegal and a punishable offence," he added.

He noted that the ring has been deceiving people by promising quick profits and taking their money.

"Many are being cheated in this way. To prevent such fraud, a complaint was filed at Khilkhet Police Station on 3 August. Letters have also been sent to all stakeholders and all offices in the DSE building to raise awareness. Additionally, a letter was sent to the BSEC requesting the involvement of law enforcement agencies," he said.

The acting DSE chief also mentioned that a general diary (GD) has been filed again at Khilkhet Police Station as part of efforts to alert investors.

"The confidence of investors in the stock market is growing. But due to these fraud rings, the image of the stock market is being damaged. Therefore, everyone must remain vigilant," Asadur said.

"Law enforcement agencies are active in tracking down the fraudsters. So, I say to this ring, those of you who have taken money from ordinary people, return it to them. At the same time, I request investors to verify any transaction by calling the numbers provided on the websites of DSE, CSE and BSEC before engaging," he added.