Dhaka, May 19 -- The interim government will form a new independent board to operate mobile financial service provider Nagad, Finance Adviser Salehuddin Ahmed said yesterday.

The decision came from a high-level meeting of the interim government. The finance adviser, along with Bangladesh Bank Governor Ahsan H Mansur, Attorney General Md Asaduzzaman, and ICT Policy Adviser Faiz Ahmad Taiyeb, was present at the meeting held in Dhaka on Sunday.

"We identified the irregularities at Nagad, and all of a sudden, a group took over the MFS provider. The government is going to take action against them," the finance adviser told the media.

The postal department will not manage the MFS, despite being Nagad's parent entity; instead, an independent ...