Bangladesh Bank has filed a fraud case against Nagad Limited over allegations of financial irregularities amounting to Tk 645 crore.
On Tuesday, Bangladesh Bank’s Executive Director, Arif Hossain Khan, confirmed the matter to Liberty News. The central bank’s Payment Systems Department filed the case at Motijheel Police Station.
According to case documents, 24 individuals, including nine officials from the Bangladesh Post Office, have been named in the case. Among the accused is Tanvir A. Mishuk, the former Managing Director of Nagad Limited.
The central bank appointed an administrator to oversee Nagad’s operations in August, following concerns over financial mismanagement. The administrator’s investigation revealed multiple irregularities, including the unauthorized creation of e-money without corresponding cash deposits, leading to a Tk 600 crore shortfall. Additionally, unauthorized withdrawals of Tk 1,711 crore were detected from 41 government-designated distribution accounts meant for social welfare payments.
LND/BAIZID
