Dhaka, May 19 -- Bangladesh Bank Governor Ahsan H Mansur has accused Shafayet Alam, the newly-appointed CEO of mobile financial service provider Nagad following a court order, of "committing fraud", asserting that he has no legitimate right to remain in office.

While speaking to journalists after a meeting with Finance Advisor Salehuddin Ahmed at the Secretariat on Sunday, he said: "Of course, he (Shafayet) committed fraud. He is certainly guilty and has no right to hold this position."

Responding to a journalist's remark that the individual against whom a case was filed by the central bank has now been made Nagad CEO, the governor said: "The government will not accept this as its position aligns with Bangladesh Bank's stance."

Nagad i...