Sirajganjshop allegedly scammed Nagad’s Tk47C in 2 days
Ecommerce Platform Ripped Off MFS Provider Via Large Number Of Customer Refund Claims In Just Two Days
SirajganjShop, one of the most controversial e-commerce platforms, allegedly embezzled Tk 47.43 crore from mobile financial service provider (MFS) Nagad.
A case was filed in this regard with the Banani police station last month, on September 13.
Touhidul Islam Chowdhury, Nagad’s senior legal officer, filed a complaint against Jewel Rana, the owner of the online platform.
Noor-e-Azam, officer in charge of Banani thana confirmed the case to Dhaka Tribune.
“We are running a campaign to find Jewel Rana and those involved in the embezzlement will be found and brought to justice,” he said.
According to the file, the ecommerce platform scammed the MFS provider via a large number of customer refund requests in just two days, between August 30 and August 31.
Nagad had even suspended a considerable number of its users’ accounts, citing fraudulent activity.
Suspended accounts were mostly found to be involved in getting refunds from e-commerce platforms, such as sirajganjshop.com.
“Most of the money went to a few accounts in Sirajganjshop that turned out to be Jewel’s parents,” Nagad’s Zahidul Islam PRO told Dhaka Tribune.
He also said: “The owner of Sirajganjshop visited our offices earlier following the suspension of several Nagad accounts belonging to the platform’s consumers.”
“He even admitted that due to technical issues on their side, consumers were getting reimbursed more than they were supposed to get, with some even getting reimbursements twice. Jewel even verbally agreed to bear any loss so consumers wouldn’t suffer and wrote us a check for that amount, ”he added.
The CEO of sirajganjshop.com, had also posted on Facebook during the period stating exactly that.
However, Jewel’s older brother Anwar Hossain had claimed that the platform’s money was blocked with Nagad.
Previously, the Ministry of Commerce sent a letter to Bangladesh Bank, requesting information on the latest financial situation of several e-commerce companies, including that of sirajganjshop.com.
The other companies are Aleshamart, Dhamaka, E-orange, Sirajganj Shop, Aladiner Prodip, Qcoom, BoomBoom, Adyan Mart and Need.com.bd.
In the letter, the ministry requested information on the total liabilities of companies to buyers and traders and the amount of current and fixed capital of the companies.
She also investigated whether the companies had embezzled money.
On September 12, Raheel Ahmed, CEO of Nagad, informed the Bangladesh Financial Intelligence Unit of the unusual increase in the number of refund requests from two companies – SirajganjShop and Aladdiner Pradeep.
In addition to identifying this issue, the status of 18,000 accounts related to reimbursement requests was automatically suspended.