Advertisement

World Bank warns of fraud schemes misusing its name

World Bank warns of fraud schemes misusing its name
Photo: Collected
Advertisement
Advertisement

The World Bank has reissued a warning to the general public in Bangladesh regarding fraudulent activities that are misusing its name and logo.

These scams involve offering loans in exchange for fees, falsely claiming to be associated with the World Bank.

Recirculating a November 2025 press release, WB’s Dhaka office on Thursday clarified that it does not provide loans directly to individuals and does not request personal financial information.

Fraudsters have been using Facebook pages, fake IDs, and other deceptive tactics to impersonate the World Bank, aiming to deceive individuals into making payments through mobile banking.

In its statement, the World Bank urged individuals to report such fraudulent schemes to local authorities immediately if encountered.

The World Bank emphasised that it has no involvement in these fraudulent activities and advised the public to remain cautious of such scams that falsely claim affiliation with the institution.

Follow TIMES on Google News

Get trusted updates and editor-picked stories in your feed.

Follow
Related News