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ACC sues ex-Nagad MD Tanvir, 8 others for Tk 645cr embezzlement

The Anti-Corruption Commission on Wednesday filed a case against nine people, including former Nagad Limited managing director Tanvir Ahmed Mishuk on charges of embezzling Tk 645.47 crore by issuing additional e-money through forgery...

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SC clears way for BB-appointed administrator to run Nagad

The Appellate Division of the Supreme Court on Monday paved the way for a Bangladesh Bank-appointed administrator to manage the operations of Nagad Limited, staying an earlier order by its chamber judge that had temporarily halted the central bank鈥檚 decision.

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Govt to form independent board to run Nagad

The interim government on Sunday decided to form an independent board to run mobile financial service provider Nagad following mounting concerns over alleged irregularities, unauthorised control and institutional overreach in the MFS provider, officials said.

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Nagad daily transaction reaches Tk聽100cr

Daily transactions of Nagad, a leading mobile financial service provider in Bangladesh, have increased by around Tk 100 crore on average, following the Postal Department taking on the responsibility to oversee its operations...

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Postal Dept takes over Nagad

The Bangladesh Postal Department has officially taken over the responsibility of Nagad, said a press release.

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Nagad sees Tk 34,000 crore 聽transaction in March

Nagad, the digital financial service of Bangladesh Postal Department, recorded its highest-ever monthly transactions amounting to Tk 34,000 crore in March this year, says a press release.

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NAGAD ADMINISTRATOR: HC dismisses writ petition

The High Court on Sunday dismissed a writ petition challenging the legality of Bangladesh Bank鈥檚 decision to appoint an administrator to oversee Nagad Limited鈥檚 operations after dissolving its board of directors, which was...

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Nagad condemns attack on its administrator

Nagad, a leading mobile financial service provider under the Bangladesh Post Office, expresses deep concern and strongly condemns the recent attack on its administrator Muhommad Badiuzzaman Dider by unidentified missceants, said a press release.

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BB files case against Nagad

The Bangladesh Bank has filed a case with Motijheel Police Station against Nagad Limited, alleging that the company was involved in financial irregularities...

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HC halts Nagad鈥檚 internal activities

The High Court has imposed a status quo on the internal affairs of Nagad Limited, barring its administrator and management board, appointed by the Bangladesh Bank, from acting against the...

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Nagad being developed for future

The administrator appointed by the Bangladesh Bank and his team are working to make Nagad, mobile financial service of the Bangladesh Postal Department, suitable for the future of Bangladesh, said a press release...

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Independent audit clears Nagad of allegations

Nagad, one of Bangladesh鈥檚 leading mobile financial service providers, has been cleared of allegations of financial misconduct after a thorough audit by an independent firm, carried out under regulatory oversight, according to official sources....

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20,000 new customers join Nagad daily

Nagad, the digital financial service of Bangladesh Postal Department, is onboarding around 20,000 new customers every day, says a press release.

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HC questions appointment of Nagad administrator

The High Court on Tuesday directed the government and Bangladesh Bank to explain in 10 days why the appointment of an administrator to Nagad, the state-owned mobile financial service...

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Govt accepting donations for flood victims via Nagad

Nagad, one of Bangladesh鈥檚 leading mobile financial service providers, has introduced a specialised account as directed by the government, with a view to facilitating easy contributions to the state relief fund for flood victims, said a press release on Sunday....

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BB suspends Nagad Digital Bank license

The Bangladesh Bank governor Ahsan H Mansur on Thursday said that the digital banking license for Nagad Digital Bank PLC was suspended and the central bank would review the process...

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Will try to further expand Nagad鈥檚 business: administrator at first press meet

Muhammad Badiuzzaman Didar, the newly appointed administrator of Nagad Ltd and director of Bangladesh Bank, on Thursday said that the central bank was not attempting to shut down Nagad, one of the country鈥檚 leading mobile financial services providers, rather it was working towards ensuring the company鈥檚 further development....