Bangladesh Bank yesterday asked people not to transact with unauthorised financial institutions.

In a notice the central bank said: “Some institutions are operating business in different districts under various names and collecting money from people, luring them by prospect of getting high interest and attractive profits.”

The warning came following media reports on illegal banking operations by Destiny 200 Ltd.

“People are being requested not to make any investment in these organisations because there is a possibility of being cheated and these institutions have no approval from the appropriate authorities,” the BB statement added.

The Daily Star/Bangladesh/ 2nd April 2012