Sunday, July 6, 2025
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Financial scams continue to rise despite public awareness  

May 26, 2025
in Business, Crime/Legal, Other Stories
Reading Time: 2 mins read
0
0
SHARES
843
VIEWS
Share on FacebookShare on Twitter

Despite continued public awareness, financial scams remain a persistent crime in the country. Nearly 160 cases were reported last year, and almost 80 more have been recorded in just the first five months of this year, raising concerns among authorities.

Thimphu police received reports of financial scams amounting to over Nu 22 M last year. But, just a little more than half the amount was recovered.
So far this year, scams worth over four million ngultrum have been reported, with authorities recovering over Nu 1.5 M.

Among the reported cases, common scam methods include fake house rent advertisements, currency exchange deals, investment opportunities, and lottery winnings.

Meanwhile, the Department of Law and Order said that one of the most serious financial scams in the country is a pyramid scheme called QNET, which operates under different names in different places. Now, people are asked to deposit a minimum of Nu 650,000 in most cases to join the scheme.

According to a BBC article, QNET has faced numerous allegations and legal action regarding pyramid schemes, fraud, and illegal activities in various countries.

“I think people should be very careful. This pyramid scheme is all about taking this initial investment, and then you are required to recruit a lot more people under you. And if you are not able to recruit at least four, then your 650 thousand is lost forever immediately,” said Karma Dorji, Officiating Director, Department of Law and Order.

QNET, identified as a pyramid scheme, was banned in 2022 by the then Office of Consumer Protection, now known as the Competition and Consumer Affairs Authority. However, the Department of Law and Order says the cases related to the scheme are resurfacing.

“People should be careful while interacting with unknown people on the internet because many of such people are scammers. They will try to extort money from you through various means,” said Karma Dorji, Officiating Director, Department of Law and Order.

According to the Penal Code of Bhutan, scam-related activities carry penalties ranging from petty misdemeanours to value-based sentencing.

The Department of Law and Order said relevant authorities are working to strengthen efforts to curb financial scams in the country.

It is crucial to remain vigilant, knowing financial security is built through patience, hard work, and informed choices, not shortcuts or scams.

Kinzang Lhadon

Edited by Tandin Phuntsho

Previous Post

NCHM predicts normal monsoon with rising temperatures

Next Post

Economic revival begins in Sili-Tasha Chiwog amid challenges  

Next Post
Economic revival begins in Sili-Tasha Chiwog amid challenges   

Economic revival begins in Sili-Tasha Chiwog amid challenges  

Reviving a forgotten lake to fight water scarcity in Pema Gatshel

Reviving a forgotten lake to fight water scarcity in Pema Gatshel

From addiction to empowerment, a trans man’s story of survival and strength   

From addiction to empowerment, a trans man’s story of survival and strength  

RECOMMENDED NEWS

US dispatches 500,000 doses of Moderna vaccine for Bhutan: White House Press Secretary

4 years ago
2
Govt to launch Nu 1bn student loan scheme in July, over 500 to benefit annually

Govt to launch Nu 1bn student loan scheme in July, over 500 to benefit annually

2 months ago
2k
Villagers in Telung await flood protection along Sokporong stream

Villagers in Telung await flood protection along Sokporong stream

2 years ago
3

His Majesty grants land Kidu in Wangduephodrang

13 years ago
1

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (449)
  • Announcement (181)
  • Audience Survey Report (1)
  • Business (762)
  • Crime/Legal (371)
  • Culture (48)
  • Development (57)
  • Disaster (57)
  • Economy (295)
  • Education (420)
  • Entertainment (16)
  • Environment (68)
  • Feature (65)
  • Featured (6)
  • Festival (81)
  • GMC (14)
  • Headlines (6)
  • Health (634)
  • HYDROPOWER (1)
  • Legal (53)
  • Literature (9)
  • Livestock (77)
  • Media (26)
  • Other Stories (5,722)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (715)
  • Social (556)
  • Sports (457)
  • Technology (192)
  • Tourism (23)
  • Uncategorized (13,869)
  • Video (141)
  • Video Story (257)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • National Assembly says implementation date of three tax bills does not violate Public Finance (Amendment) Act 2012
  • “Haa Ley-Me Ley” campaign to brand and promote Haa as desirable travel destination
  • ILO ranking on Bhutan’s long working hours not alarming, says MoICE Minister
  • Bhutan’s public debt crosses Nu 298bn, nearly equal to entire economy
  • The Bhutan Broadcasting Service would like to seek Expression of Interest from Interested eligible production houses to organize reality shows during weekend

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • HYDROPOWER
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.