Nagad, one of Bangladesh's leading mobile financial service providers, has been cleared of allegations of financial misconduct after a thorough audit by an independent firm, carried out under regulatory oversight, according to official sources.  They said the review addressed claims of irregularities, fraud and unauthorised digital money creation, with no evidence of wrongdoing found. The audit confirmed Nagad’s compliance with established financial regulations, dismissing accusations, including claims of undue influence by powerful figures. A company spokesperson, Niaz Morshed, welcomed the outcome, saying, “The audit reaffirms what we have always maintained: Nagad operates with transparency and integrity.” Since its launch in 2019, Nagad has grown to become a key player in the mobile financial services (MFS) sector. With over 90 million customers and a 40% market share, the company has stood out for its innovative offerings and a unique partnership model with the government, sharing 51% of its revenue with the state. Bangladesh Bank forms new management board for Nagad In a related development, Nagad has received approval to establish Nagad Digital Bank PLC. The new venture aims to expand banking services to underserved communities, furthering financial inclusion in Bangladesh. Meanwhile, allegations against its founder Tanvir A Mishuk were dismissed in court. The case, initiated through a General Diary by Badiuzzaman Didar, was found to lack merit following a legal review. Mishuk’s legal representative, Barrister M Nawshad Zamir, said, “The court’s decision underscores the baselessness of the claims. Mishuk has always upheld the highest standards of professionalism and transparency.” Though Bangladesh Bank has not yet issued a statement regarding the audit findings, Nagad has expressed confidence in the resolution of these matters as a reflection of its integrity and operational compliance. This outcome is expected to bolster the company’s standing in the fintech industry and support its continued growth and innovation.  

Alpha Eye Studios Limited, a media company, has accused actor Ziaul Faruq Apurba of breach of contract and embezzling money. According to the media company, Apurba signed a contract for 24 dramas with the company. The actor took Tk 33 lakh of the Tk 50 lakh contract. However, he only finished 9 dramas. Read more: Sadi Mohammad laid to eternal rest at Mohammadpur Later, Alpha Eye tried to contact him but could not, they said. "My lawyer will provide statements on my behalf. As the legal proceedings are underway, I prefer not to make any comments or discuss the matter further at this time," said the actor. Read more: Most-hyped Bollywood Movies Releasing in April 2024

Jatiya Party's mayoral candidate for Sylhet City Corporation election, Nazrul Islam Babul, has alleged that BCL and Jubo League leaders and activists are booting out agents for the ‘plough’ symbol from various centres.“I have been getting repeated calls from different centres that ‘plough’ agents are being thrown out from centres and not allowed to enter many centres,” he said. Read: 100% hopeful about victory, says Sylhet's AL-backed Mayor Candidate Anwaruzzaman He made the allegation while talking to reporters after casting his vote at Ananda Niketan School in the city at 9:30 am on Wednesday (June 21, 2023).“I have been saying from the beginning that attempts are being made to influence the election. I have come to cast my vote at Ananda Niketan School. Muscle strength is being demonstrated here,” he said.“I just got the news that all the agents of ‘plough’ have been booted from Sylhet Government Pilot High School centre by the goons of Chhatra League and Jubo League. I strongly condemn this. I'm going to the centre right now. I will file a written complaint with the Election Commission,” said the Jatiya Party leader. Read: Sylhet city polls: Voting peaceful so far"The EVM did not work for an hour in the morning. It could also be part of the plot. The Election Commission, the administration, and the returning officers are all in the pockets of the ‘boat’ candidate,” he added.

Directorate General of Health Services (DGHS) on Monday ordered the closure of all activities of Praava Health Care on allegations of various irregularities. DGHS Additional Director General (administration) Prof. Nasima Sultana, confirmed the development to UNB. She said that various allegations have been received against Praava Health Care. READ: Praava Health’s brick-and-click model: Bangladesh’s fastest-growing healthcare company raises $10.6 million “Later we investigated it and all their activities have been stopped,” she said. It was learned that DGHS also received several allegations of incorrect Covid-19 sample testing against Praava Health Care. Praava Health Care is a private organization. Along with telemedicine it provided medical services through a clinic in capital’s Banani. It shot to prominence during the COVID-19 pandemic by offering a service whereby they would pick up the sample for a Covid-19 from the subject's home.  READ: Banglalink Priyojon customers to get up to 15 PC discount on Praava Health services

Three administrative officials of Louhajang Upazila Health Complex have been accused of taking extra money while disbursing recreation allowance among health officials.

Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM.