, July 20 -- The Asian Development Bank (ADB) has warned people in Bangladesh against fraudulent schemes that are using the bank's name and logo to offer fake loans in exchange for fees.

ADB said it does not provide loans, funds or financial assistance directly to individuals. It also never asks people to share personal financial information or make payments through mobile financial services or any other channel in return for financial assistance.

The warning comes following reports that fraudsters have created fake websites, Facebook pages, social media accounts and other deceptive materials impersonating ADB and its officials.

According to the Manila-based multilateral lender, the scammers are using ADB's name and logo to mislead peo...