DHAKA : A court here today ordered the freezing of 89 bank accounts and 40 credit card accounts of individuals and entities linked to digital financial service provider Nagad.
Dhaka Metropolitan Sessions Judge Md Sabbir Foyez passed the order, allowing a petition filed by the Criminal Investigation Department (CID).
The CID petition stated that Nagad may have laundered money abroad by embezzling funds through fraud and forgery, using the bank accounts of distribution houses linked to the company’s directors and officials, operated through trust-cum-settlement accounts.
It further noted that there are grounds to suspect that money may have been laundered abroad by transferring shares to foreign investors at prices significantly lower than their actual value.
“Therefore, for the sake of a fair investigation and proper justice, it is essential to keep the listed bank accounts of individuals and entities frozen until the investigation is fully completed,” the petition added.
