Beware of illegal business ventures, central bank warns
The Bank of the Lao PDR has warned the public to be on the alert for individuals or companies that illegally convince people to deposit their money or buy shares in business schemes, lured by the promise of high returns or interest rates. The pledging of such incredibly high incentives poses a great risk and people could lose their property and money if they sign up, the central bank warns. The warning, issued on March 30, comes amid growing concern that people can suffer a great loss following the scandal involving the Asianface Company Ltd, which was licensed as a consulting firm but was found to be mobilising funds illegally.
