Former Nagad MD Tanvir A Mishuk, 8 others sued over Tk645cr embezzlement
The funds were allegedly embezzled via refunds processed through 41 unauthorised distributors
The Anti-Corruption Commission (ACC) has filed a case against Tanvir Ahmed Mishuk, former managing director of mobile financial services provider Nagad Limited, and eight others over an alleged embezzlement of Tk645 crore.
ACC Deputy Director Md Akhtarul Islam confirmed about the case today (4 June).
The other accused include Nagad's Executive Director Md Safayet Alam, Additional Managing Director and Nominee Director Md Aminul Haque, Senior Manager Maruful Islam Jhalok, Chief Technology Officer Md Abu Raihan, Chief Finance Officer Afzal Ahmed, Head of Finance Md Rakibul Islam, Chief Commercial Officer Shihab Uddin Chowdhury, and Head of Business Intelligence Golam Mortuza Chowdhury.
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According to the case documents, between 1 March 2021 and 17 November 2024, the accused colluded to misuse their authority, falsify accounts and reports, and unlawfully issue e-money worth Tk645.47 crore through Nagad's Trustcom settlement account.
The funds were allegedly embezzled via refunds processed through 41 unauthorised distributors.
The ACC has brought charges under Section 5(2) of the Prevention of Corruption Act.
