Nagad secures 18,000 accounts’ balance

After multiple analysis and scrutiny, except eight confirmed accounts involved in a scam, all other Nagad accounts which were automatically balance-on-hold for unusual transactions, were reactivated on Wednesday.

As a result of the extensive analysis, it was possible to identify the accounts involved in the scam and at the same time completely secure the money of 18,000 customers.

After the time-consuming analysis, Shirajganj.com CEO Jewel Rana’s account, accounts of his family members, business partners and employees were also identified. The process of legal action on the matter is in progress, said a news release on Thursday.

The customers are already enjoying the regular functionality with the reactivated accounts as well as all the exciting Nagad offers. No money was deducted from the accounts which were temporarily suspended.

After observing signs of suspicious transactions with some e-commerce platforms three weeks back, to maintain customer security Nagad’s state-of-the-ark technology automatically put some accounts on hold temporarily. Later, through ongoing discussion with the authorities, extensive analysis and scrutiny, the accounts with satisfactory results were opened phases by phase.