Nagad is planning to reactivate more than 17,000 accounts it suspended earlier for alleged suspicious transactions with two e-commerce platforms, keeping "the refund amount" on hold.
The mobile financial service (MFS) provider wants to reopen the accounts "on humanitarian grounds" as these accounts may have money from other sources than the refund amount from two e-commerce platforms, according to a letter sent to Bangladesh Financial Intelligence Unit (BFIU) by Nagad.
However, Nagad has already reactivated more than 700 accounts in the first phase after an extensive analysis and consultations with the authorities concerned, said a Nagad statement.
After seeing inconsistencies in transactions with two e-commerce platforms--sirajganjshop and aladiner prodip, Nagad has recently put more than 18,000 accounts on hold.
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