Nagad yesterday said it unblocked all but eight accounts, including that of the chief executive officer of digital commerce company Sirajganj Shop, which were alleged to have been involved in a “scam”.

The mobile financial service (MFS) provider had blocked some 18,000 accounts two weeks ago after suspicions were raised over unusual transactions with some e-commerce platforms, a move that proved troublesome for Nagad users.

The MFS provider also handed over information involving the eight accounts to regulators and law enforcement agencies.

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

As a result of the extensive analysis, it was possible to identify the accounts involved in the scam while…

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