Wanderers wander into a quagmire of gambling The Business Standard

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“So overall I am very much optimistic that a bright future is awaiting for Mohammedan and the traditional club will get back its lost glory,” said Alfaz. “I think Mohammedan is the victim of politics, you see the club has already been tagged as BNP oriented club.

• Bangladesh Bank statistics revealed that total amount of currency outside banks stood at Tk 1.54 trillion at the end of FY19 which was Tk 1.41 trillion at the end of FY18.
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As time passed on, Wanderers not only lost their achievements but also their glorious past. Wanderers are the only club in Bangladesh to have won the IFA shield, and that too was lost after that tragic incident. But the irony is, none of those memoirs exist in the trophy cabinet of the club as they were burnt in a local riot. But people around the club still hoped that it would once again rise to the top of the tree.

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Currently, an app called ‘MTFE’ is the most popular in the city. But with the club turning into an arena for gambling and other banned sports, questions of how the club will regain its past glory still remains at large, and nobody knows the answer to that. And now the worst of blows have hit the club as it has been raided by the police because it has turned into a gambling club and a casino.

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On June 26, Shobuj filed a case against 13 suspects, noting the names of eight members of the fraud gang. However, Bangladesh Bank redirects questions to law enforcement. Law enforcement, in turn, spoke about legal and technical limitations preventing proper action.

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But till now he highly expects that the club for which he played for 15 years will regain their glory after getting rid of this weedy condition. Alfaz Ahmed, who has the credit to celebrate all three international trophies won by the Bangladesh national team, hopes that Mohammedan Sporting Club, will regain its glory. Victims report that fraudsters make huge amounts of money through these apps.

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The most mentionable is the self portrait of Rabindranath Tagore drew by himself. Mahatma Karamchand Gandhi, the father of India, was the pioneer of the liberation movement of India from the British Empire.

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• 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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Various units of the police have undertaken arrests based on victims’ complaints, but they are booked under Section 420 for fraud. In January 2020, Shamsul Islam, cash in-charge at the Rajshahi branch of the privately owned Premier Bank, withdrew Tk 35 million from the bank’s vault.

• Even if someone earns a few hundred thousand taka through this process, according to the current rules of mobile financial services, a maximum of Tk 20,000 can be received using an MFS number.
• But with the club turning into an arena for gambling and other banned sports, questions of how the club will regain its past glory still remains at large, and nobody knows the answer to that.
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Learning new skills to keep up with the pace and complexities of digital technologies and their legal implications; 5. Addressing the lack of a common and coherent legal framework for digital issues at the international and regional levels; 6. Considering the challenges of enforcing existing laws in the digital sphere, especially across borders. 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. Facebook and other social media are awash in tempting advertisements and links to sites that promise easy ways to make money. Moreover, when compared to the country’s Gross Domestic Product (GDP), it shows that the proportion of cash in Bangladesh economy is not as large as presumed by many.

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It is vital to address this challenge, which will only grow in the coming days if no action is taken. Lawmakers need to understand the pace of digital progression, and law-enforcing agencies should be technically equipped with international collaboration. Unfortunately, in countries like Bangladesh, laws are formulated based on traditional thinking, incognizant or incompatible with the digital progress in all fields. This gap between such laws and the rapid progress in technology is what makes their implementation a challenge, pointing to their futility.

• Similarly, hundreds of people have been cheated by investing hundreds of thousands of taka in another app called ‘E-Movie’.
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Alfaz awaits return of Mohammedan’s lost glory

Similarly, hundreds of people have been cheated by investing hundreds of thousands of taka in another app called ‘E-Movie’. A young man named Manik opened an office in the city’s Shiroil in the name of the app and ran his fraudulent activities through there. He scammed over a hundred people from Godagari’s Premtoli area. A case was filed against Manik at the city’s Chandrima Police Station, and he was later arrested. Investment apps are so popular in the northern divisional city of Rajshahi that many have opened ‘offices’.

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• «If anyone complains about being cheated, swift action will be taken. Two cases have already been filed over two apps that were shut down. Police have also arrested people.»
• As time passed on, Wanderers not only lost their achievements but also their glorious past.
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Digital wallets are created without authorisation for money transactions. The club officials, however, blamed the change in the political context of the country as the reason behind such a downfall.

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«If anyone complains about being cheated, swift action will be taken. Two cases have already been filed over two apps that were shut down. Police have also arrested people.» On Jun 20, he went to Mahbubur Rahman’s ‘Plating Coin’ establishment in the suburb of Rajshahi city in sector No. 3 and found it closed.

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You can learn the rules and use buttons if you are an inexperienced player. In a bid to curb black money, on November 08, 2016, Indian Prime Minister Narendra Modi demonetised Rs 500 and Rs 1000 notes. Almost two years later, the Reserve Bank of India (RBI) unveiled that 99.30 per cent of all the demonetised bank notes were returned to the central bank. It meant black money holders didn’t accumulate their undisclosed or illegal income largely in cash. RBI’s annual report also pointed out that demonetisation ended up causing some damage to the economy. Moreover, CIC-GDP ratio data after a year of demonetisation indicated that cash is still much preferable in India though digital transaction has been increasing since demonetisation.

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«The apps allow you to ‘chat’ with women of different ages on video calls in the live chat. Their target is mainly expatriate Bangladeshis. Many are wasting their money on live chat rooms day and night.» There is currently no concerted initiative by law enforcement agencies to stop app-based gambling or alleged investment.

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