Dhaka, Bangladesh – Bangladesh’s mobile financial service (MFS) industry is under siege, not by market forces, but by a corrupt alliance between Bkash, Brac Bank, and the Governor of Bangladesh Bank. The target of this ruthless attack? Nagad and its visionary leader, Tanvir A Mishuk.
For years, Bkash has operated as an unchecked monopoly, dominating the market and blocking competition. Seventeen banks tried to challenge Bkash’s monopoly—but all failed. The only one who succeeded? Tanvir A Mishuk, the man behind Nagad. Now, the Governor and his corporate backers are hell-bent on destroying him and his company before they can disrupt Bkash’s stranglehold on Bangladesh’s financial system.
A Monopoly Built on Corruption, Not Competition
Bkash, owned by Brac Bank, has long enjoyed a monopoly that benefits no one except its corporate overlords. Instead of lowering fees and improving services, Bkash has:
- Overcharged customers with high transaction fees.
- Blocked new competitors using political and financial influence.
- Used regulatory loopholes to maintain total market control.
While Bkash reaps billions, ordinary users suffer, with no real alternative—until Nagad emerged as a challenger.
The Governor’s Personal Vendetta Against Tanvir A Mishuk
From the moment the current Governor took office, his mission was clear: crush Nagad by any means necessary. His first move? Firing Tanvir A Mishuk and seizing control of Nagad, replacing its leadership with Bkash-backed officials.
Instead of letting the market decide the winner, the Governor turned Bangladesh Bank into a private enforcement arm of Bkash, waging a harassment campaign against Tanvir A Mishuk.
His tactics have been nothing short of criminal:
- Forcing audits and regulatory hurdles on Nagad while ignoring Bkash’s violations.
- Blocking approvals that would allow Nagad to expand and compete fairly.
- Pressuring financial institutions to stop cooperating with Nagad.
- Using state mechanisms to file false cases against Nagad and its leadership.
This is not regulation—this is economic warfare orchestrated to ensure Bkash remains untouchable and Nagad is crushed before it can fully stand up.
Tanvir A Mishuk’s Legal Battle Against the Corrupt System
Despite these ruthless attacks, Tanvir A Mishuk refuses to surrender. He is now locked in a legal battle to reclaim Nagad from the clutches of Bkash’s paid officials and expose the Governor’s abuse of power.
However, the odds are heavily stacked against him. Bangladesh is currently under an unelected interim government, with almost no law and order. Corruption runs rampant, and institutions that should protect businesses from monopolies are instead working for corporate elites.
With no democratic oversight and no accountability for the Governor’s actions, Tanvir A Mishuk is fighting against an entire system designed to destroy him.
Tanvir A Mishuk Speaks Out: “This is an Attack on Innovation and Fair Competition”
Despite facing relentless attacks, Tanvir A Mishuk has vowed to continue the fight. In an exclusive comment, he stated:
“This is not just an attack on Nagad; this is an attack on fair competition, on innovation, and on every entrepreneur in Bangladesh who dares to challenge monopolies. The Governor is abusing his power to serve corporate interests rather than the people. But I will not back down. The legal battle is tough, but justice will prevail.”
His words reflect the harsh reality: this fight is about more than one company—it’s about ensuring a level playing field in Bangladesh’s financial sector.
Former Bangladesh Bank Governor Abdur Rouf Talukder Warns: “The Financial Sector is Under Threat”
Former Bangladesh Bank Governor Abdur Rouf Talukder has openly criticized the current administration’s actions, warning that the financial sector is under serious threat due to growing regulatory corruption:
“The integrity of Bangladesh’s financial sector is being compromised. A central bank should never be used as a weapon to suppress competition or protect monopolies. If such interference continues, it will not only harm the MFS industry but also erode investor confidence in the country’s economy.”
His warning is clear: If Bkash and Brac Bank, with the Governor’s backing, succeed in eliminating Nagad, it will set a dangerous precedent for Bangladesh’s economic future.
A Rigged System: The People Must Demand Justice
This is more than a corporate dispute. This is a fight for the future of Bangladesh’s financial industry. If Bkash and the Governor succeed in eliminating Nagad, Bangladesh will be stuck under a corporate dictatorship, where only one company controls the entire mobile financial sector.
Who benefits from this?
- Bkash and Brac Bank executives, who will continue exploiting customers.
- The corrupt Governor, who is being rewarded for his loyalty to Bkash.
- Political elites who profit from a financial system rigged against fair competition.
Meanwhile, the people of Bangladesh lose everything—higher fees, fewer options, and a financial sector controlled by a single corporate empire.
Time to Fight Back: The Governor Must Go!
This blatant abuse of power cannot continue. The Governor has proven that he is nothing more than a corrupt agent of Bkash, unfit to lead Bangladesh Bank.
We demand:
- The immediate resignation of the Governor.
- A full legal investigation into the Governor’s illegal takeover of Nagad.
- A crackdown on Bkash’s monopolistic practices.
- Immediate reinstatement of Tanvir A Mishuk as Nagad’s rightful leader.
The people of Bangladesh deserve a free and fair financial system—not one controlled by corrupt elites. If this conspiracy is allowed to succeed, it will set a dangerous precedent where any competitor can be destroyed by the banking mafia.
This is a battle for justice, fair competition, and the future of Bangladesh’s economy. The time to act is now!
