Bangladesh Bank has accused Nagad Ltd. of financial irregularities totaling Tk 645 crore and filed a fraud complaint against the company. The charge was filed with Motijheel Police Station by the central bank’s payment system department, according to Bangladesh Bank executive director Arief Hossain Khan.
Nine officers of the Bangladesh Post Office were among the 24 people mentioned in the case. Among the accused are Tanvir A. Mishuk, a former director general of the Bangladesh Post Office and managing director of Nagad Ltd. Bangladesh Bank hired an administrator at Nagad after the interim government came to power in August 2024 because to operational problems.
A Tk 600 crore gap stemming from the production of e-money without in line cash backing—a severe infraction in the banking sector—was the most notable of the alleged disparities that the administrator’s probe turned up. In addition, 41 distribution accounts used for government allowances had illicit withdrawals totaling almost Tk 1,711 crore. The central bank has taken legal action in response to these findings in order to resolve the alleged misbehavior and maintain financial integrity.
Source: The Daily Star
