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In June 2021, two officials of the Bangshal branch of Dhaka Bank were arrested for gambling on an app, with nearly Tk 40 million withdrawn from the bank. Victims report that fraudsters make huge amounts of money through these apps. There is another game called Live Casino where a person steps into the casino’ and spins the wheel. As a result, players get a similar thrill to entering a casino in person.
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There is currently no concerted initiative by law enforcement agencies to stop app-based gambling or alleged investment. Various units of the police have undertaken arrests based on victims’ complaints, but they are booked under Section 420 for fraud. Some from unknown companies allegedly collect ‘investments’ from customers who are gambling on the ups and downs of the stock market. Even if someone earns a few hundred thousand taka through this process, according to the current rules of mobile financial services, a maximum of Tk 20,000 can be received using an MFS number. However, customers can withdraw money using multiple numbers. Using these apps, customers can bet on the results of various games running in different parts of the world.
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Due to various projects taken by the government, if Chattogram’s increasing commercial importance is exploited, the vision of building a smart Bangladesh by 2041 will be possible. But we have to face big challenges like rapidly growing population and climate change in the near future. That is why all the government agencies have to work together to implement the plan that the Prime Minister has adopted around Chattogram to change the fortunes of Bangladesh.
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However, the residents of the city do not think that any benefit has come from the CDA project. I don’t blame anyone; just want to tell CDA that the city dwellers don’t want to suffer anymore. You should evaluate the opinion of the public; complete the water logging project at the earliest in consultation with the public representatives. In the case of house construction, it is seen that many people are constructing houses very close to the road after taking permission from CDA. For this reason, it has been proposed to CDA that a no-objection letter is taken from CDA as well as CCC in the case of building permission. One is currency in banks or cash in hand with banks, another is currency outside banks or currency with the public.
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Currency with the public is the amount of money held by individuals and institutions entirely in cash. Rapid Action Battalion (RAB) and police have raided these clubs over the last few days and found that they were illegal casinos. We offer an Instagram Management service, we post awesome content for you, and reach out to over 4000 potential customers per month to grow your following. Finance Worldwide Limited has a close partnership with all business and industrials around the world for the past 2 decades.
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From his experiences arresting agents and dealers last year, the police official said that some young women take part in these chat rooms and get paid based on the digital currency collected from users. 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. But then the customer can lose all their money on an unlucky spin. A customer can deposit Tk 20, Tk 50 or more in a particular slot before the casino wheel starts spinning.
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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.
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Zig Ziglar actually served in the army from 1935 to 1946 during World War II. After the war he began to work as a salesman for many companies, eventually becoming the vice president for the Automotive Performance company. Then he started taking part in motivational seminars and also wrote many motivational books.
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The theft was discovered after an extended period when the accounts at the bank did not match. Rajshahi Metropolitan Police spokesman Rafiqul Alam said, “These apps are not approved in the country. Bangladesh’s money is being smuggled abroad through the app. It can be shut down at any time.” He said if someone commits money laundering or any other financial crime on foreign apps or websites or in any other way, Bangladesh Bank will look into it.
- In FY19, nominal GDP of Bangladesh was estimated at Tk 25.36 trillion when total amount of currency in circulation was Tk 1.70 trillion.
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- “When these bad people come to politics, they bought ownership or position as chief of the club to gain political power,” he added.
- Only a few people have large or excessive amount of cash at their disposal due to rising disparity in income.
Thus the exposure of big cash during the casino crackdown needs to be analysed carefully. Per capita CIC may be an interesting indicator in this regard. With a population of around 162 million, per capita CIC is estimated at Tk 10,572 only. Thus it may be presumed that a large section of people have small amount of cash in their houses. Only a few people have large or excessive amount of cash at their disposal due to rising disparity in income.