Dhaka, March 18 -- Md Mojahidul Islam
When a project fails and wastes public money, logic dictates its cancellation. However, the Awami League government chose instead to pour even more funds into it.
This was the case with Binimoy, a digital transaction platform designed to enable interoperability between mobile financial services (MFS) providers.
Zareef Hamid, son of former State Minister for Power, Energy, and Mineral Resources Nasrul Hamid, held a significant stake in Binimoy. The platform was launched in November 2022 by Sajeeb Wazed Joy, son of ousted Prime Minister Sheikh Hasina and her ICT Adviser.
To develop Binimoy, the ICT Division signed a Tk 54.95 crore contract with a consortium of three companies: Velwire, Microsoft Bangl...