Bangladesh Bank-appointed administrator Muhammad Badiuzzaman Didar took charge of the mobile financial service (MFS), Nagad, on Thursday.
The central bank appointed the administrator to oversee Nagad amid allegations of the MFS not adhering to various regulatory procedures.
Abu Taleb, director of the Directorate of Posts, was present when the administrator took charge on Thursday. At the time, Bangladesh Bank’s Additional Director Md. Habibur Rahman, Joint Directors Anwar Ullah, Palash Mandal, Abu Sadat Mohammad Yasin, Deputy Director Chayan Biswas, and Ayub Khan assumed responsibility as assistant officers. The Nagad officers informed them about the activities of the company.