Bangladesh Bank has advised the people not to transact with unapproved financial institutions that are active across the country.

A handout issued by the central bank said that many unauthorised organisations ask the people to invest in their businesses by offering high rate of profits, but the people might be cheated in such transactions with these firms.

The central bank is concerned as some organisations are running banking business throughout the country, although they don’t have any approval from the Bangladesh Bank, said the officials.

High official sources in the Bangladesh Bank told daily sun that the central bank will take necessary measures in this regard if they are formally instructed by the Ministry of Finance.

The Daily Sun/Bangladesh/ 2nd April 2012