Dhaka: A case was filed against former Managing Director (MD) of ‘Nagad’, a mobile financial service provider, Tanvir A Mishuk on charge of money fraudulence. Motijheel Police Station Officer-in-Charge (OC) Mejbah Uddin stated that Bangladesh Bank filed a case against ‘Nagad’ with Motijheel police on Friday.
According to Bangladesh Sangbad Sangstha, Sarkar Mohammad Amir Khasru, joint director of Bangladesh Bank’s Payment Systems Department, filed the case on behalf of the central bank. The case highlights allegations against the company and its management for involvement in financial misconduct.
Police have initially disclosed that the Nagad Management and Control Committee, established by Bangladesh Bank, received a complaint regarding significant fraud in ‘Nagad’. The institution is accused of committing financial fraud by generating additional electronic money (e-money) through the use of fake distributors and agents.