Fraud in National Savings Certificates: Ministry of Finance Forms Investigation Committee

The committee is headed by Md. Hasanul Matin, Additional Secretary (Administration, Planning & TDM) of the Finance Division, and includes: Dr. Rawshan Ara Begum, Director General of the National Savings Directorate; Dr. Ziaul Abedin, Additional Secretary of the Finance Division; Mohammad Rashedul Amin, Joint Secretary; an Executive Director from Bangladesh Bank; a Deputy Inspector General (DIG) from CID; and a Joint Secretary from the Internal Resources Division.

The investigation committee has been instructed to submit its report within 10 working days. The report must identify the actual causes of the incident, pinpoint those responsible, and recommend appropriate punishment. Additionally, it should propose measures to prevent such fraud in the NSC system in the future.

Notably, a recent major fraud incident was uncovered involving the NSC server of the National Savings Directorate, serving as a warning to the country’s financial security.

Investigators have stated that after the committee submits its report, necessary actions will be taken to strengthen the NSC system’s security, ensuring such irregularities are prevented in the future.