, Oct. 7 -- Bangladesh Bank (BB) has issued a stern warning to the public against engaging in any financial transactions or commitments with an entity named 'Shohoz Cash Limited', stating that it has not granted any operational license to the company.

In a press release issued on Tuesday, the central bank said that advertisements were recently published in several national newspapers by 'Shohoz Cash Limited', claiming the entity was in its pre-operational phase and was currently in the process of obtaining Bangladesh Bank's approval to launch 'Mobile Financial Services (MFS)'.

However, Bangladesh Bank explicitly stated that it has not received any application from a company named 'Shohoz Cash Limited' for MFS operations, nor is any such...