A report published by the Daily Manabzamin on Friday titled "How hundreds of crores were siphoned off from Nagad" alleged that over Tk 1.5 billion had been misappropriated. Faiz demanded evidence from the Manabzamin, while Atik refuted all allegations, including claims of misuse of funds and nepotism. On August 21, the Bangladesh Bank dissolved Nagad’s previous board and appointed Badiuzzaman Didar, a central bank director, as administrator. However, former Nagad director Shafayet Alam challenged the appointment in court. FORENSIC AUDIT, WIDER FRAUD ALLEGATIONSAccording to the ministry, a forensic audit initiated under the interim administration has already uncovered evidence of large-scale financial fraud at Nagad.
