75 thousand crore remittances lost through Hundi

Bangladesh has lost remittances equivalent to Tk 75,000 crore in last one year due to billion-dollar digital hundi transactions using Mobile Financial Services (MFS). The Criminal Investigation Department (CID) of the police arrested 16 people involved in the hundi business.

CID chief Mohammad Ali Mia held a press conference in this regard on Thursday (September 8).

He said that during the interrogation of the 16 people who have been arrested, it has been reported that Tk 20.7 crore has been smuggled in the last 4 months. The CID has also traced more than 5,000 agents doing hundi through MFS. At the initial stage, we have come to know that 5000 agents are involved with Hundi through MFS using Bkash, Nagad, Rocket. These 5,000 agents have smuggled 25,000 crores in the last 4 months and 75,000 crores annually.

Out of the 16 arrested are 6 BKash agents, 3 BKash distributor sales officers, 3 BKash DSS, 2 Hundi agents, one Hundi agent's associate and one Hundi manager.