TechLife Report

Controversiale-commerce platform ‘Gold Kinen’ is allegedly conning people out of money inthe name of selling gold online to fetch investment digitally. Mobile financial service bKash is supporting the illegal gold trading through apps.

Industry insidersclaim that ‘Gold Kinen’ has no stock of gold and it only runs a campaign to bagpublic money through lucrative offers.

 According to a press release issued by bKashon Tuesday, ‘Gold Kinen’ customers can now buy, store, sell, gift and collectinternational standard hallmarked and certified 22-karat gold bars and coinsfrom its app through bKash payment. However, the ‘Gold Kinen’ platform has nowstock of the precious yellow metal. It is allegedly defrauding people of moneywith lucrative offers, claimed some customers.

The founders of‘Gold Kinen’ are Kamran Sunjoy Rahman, Rafatul Bari Labib and Atef Hasan.

Customers cancollect their purchased gold from designated pick-up points nationwide or viahome delivery within Dhaka city, according to a recent agreement between bKashand ‘Gold Kinen’.

Regarding thepartnership with ‘Gold Kinen’, bKash head of corporate communicationsShamsuddin Haider Dalim said the MFS operator always maintains compliance to dealwith a merchant or company.

“We always gothrough papers and business models of merchant companies before making a partnership.If any company like ‘Gold Kinen’ is indulged in fraudulence, this will beinvestigated,” he said.

The media people alsocontacted ‘Gold Kinen’ founder Atef Hasan for his comments. However, he neitherreceived the call nor replied to the text message.

 

As part of thecashback campaign till 31 May 2024, customers can get a 5 percent instant cashback up to Tk100 while purchasing gold from‘Gold Kinen’ app through bKash payment.Industry insiders claim that theplatform is defrauding people of money to fetch investment. ‘Gold Kinen’ claimsit as Bangladesh’s first gold app though it has no involvement with thebusiness of the precious yellow metal.