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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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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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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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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.