Nagad Provides Cops With User Information About Suspicious Transactions With Ecommerce Sites


A file will soon be submitted on this subject

Nagad – the mobile financial wing of Bangladesh Post – has passed on the user information of a few of its clients to police and regulators following reports of suspicious transactions with certain e-commerce platforms.

Transactions to and from these accounts have been suspended and a formal complaint has been filed with the Counter Terrorism and Transnational Crime (CTTC).

The process of submitting a file is also underway.

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In recent days, unusual transactions have been observed on some Nagad accounts affiliated with some controversial e-commerce platforms.

After further analyzing the trading pattern, few accounts have been temporarily suspended, press release says

At the same time, the list of accounts was provided to the Bangladesh Financial Intelligence Unit (BFIU), the Bangladesh Telecommunications Regulatory Commission (BTRC) and the Rapid Action Battalion (RAB) by the carrier. Most technologically advanced MFS, Nagad.

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Nagad’s chief of external affairs, Lt. Col. Md Kousar Soukat Ali (retired), said: “The Nagad government’s mobile financial service is technologically one of the most reliable operators in our country.

“It is quite impossible to enter the Nagad Network for any malicious intent.”

After launching on March 26, 2019, Nagad strives to bring and facilitate people’s financial transactions on the digital platform.

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Over the past two and a half years, the operator has bagged customers of Tk 5.40 crore with an average daily transaction of Tk 700 crore.

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