Online Gold Sale‘Gold Kinen’ defrauding people of money

Controversial e-commerce platform ‘Gold Kinen’ is allegedly conning people out of money in the name of selling gold online to fetch investment digitally.

Industry insiders claim that ‘Gold Kinen’ has no stock of gold and it only runs a campaign to bag public money through lucrative offers.

According to a press release issued by bKash on Tuesday, ‘Gold Kinen’ customers can now buy, store, sell, gift and collect international standard hallmarked and certified 22-karat gold bars and coins from its app through bKash payment.

However, the ‘Gold Kinen’ platform has no stock of the precious yellow metal. It is allegedly defrauding people of money with lucrative offers, claimed some customers.

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

Customers can collect their purchased gold from designated pick-up points nationwide or via home delivery within Dhaka city, according to a recent agreement between bKash and ‘Gold Kinen’.

Regarding the partnership with ‘Gold Kinen’, bKash head of corporate communications Shamsuddin Haider Dalim said the MFS operator always maintains compliance before signing any deal with a merchant or company.

“We always go through the papers and business models of merchant companies before making a partnership. If any company like ‘Gold Kinen’ is indulged in fraudulence, this will be investigated,” he said on Tuesday.

This correspondent also contacted ‘Gold Kinen’ founder Atef Hasan for his comments. However, he neither received the call nor replied to the text message.

As part of the cashback campaign till 31 May 2024, customers can get a 5% instant cashback up to Tk100 while purchasing gold from ‘Gold Kinen’ app through bKash payment.

Industry insiders claim that the platform is defrauding people of money to fetch investment.

‘Gold Kinen’ claims it as Bangladesh’s first gold app though it has no involvement with the business of the precious yellow metal.