Dhaka, Aug. 26 -- Intelligence agencies have identified a fraud ring that lured stock investors with fabricated information and false promises, ultimately swindling them out of their money, according to the Dhaka Stock Exchange (DSE).

Acting DSE Managing Director Mohammad Asadur Rahman said on Tuesday that, with the bourse's cooperation, the group -- based in Narayanganj -- was identified after duping investors online by claiming to be "authorised DSE representatives", bdnews24.com reports.

"They used the DSE's name, logo and office address to defraud investors through WhatsApp and other digital platforms. We expect them to face legal action soon," he said at a media briefing organised by the Capital Market Journalists' Forum in Dhaka....