Staff Reporter:
In light of recent reports of fraudulent activities misusing the World Bank’s name and logo in Bangladesh, the World Bank is alerting general public of scams offering loans from the World Bank in exchange of fees.
The World Bank does not provide loans directly to individuals and does not ask for any personal financial information, said the World Bank in a statement.
It said perpetrators have created Facebook pages, fake IDs and using other techniques to impersonate the World Bank and lure payments using mobile banking.
“If individuals encounter such fraudulent schemes, they are encouraged to report to the local authorities immediately,” it said.
The World Bank has no involvement in such schemes, and it cautioned all to be wary of these and other similar solicitations that falsely claim to be affiliated with the World Bank.
