Dhaka, Feb. 4 -- The Bangladesh Bank (BB) has lodged a case with Motijheel Police Station against Nagad Ltd, alleging the company of financial misconduct.

Confirming the matter, central bank's Executive Director Arief Hossain Khan said, "The lawsuit named 24 individuals, including nine officials from the Bangladesh Post Office."

After the interim government took power in August 2024, Bangladesh Bank appointed an administrator at Nagad due to concerns over operational irregularities.

The administrator's investigation revealed several alleged discrepancies, most notably a Tk 600 crore shortfall resulting from the creation of e-money without corresponding cash backing-a serious violation in the financial sector.

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