BB orders probe into StanChart credit card scam

The Bangladesh Bank (BB) has ordered an immediate probe into alleged credit card fraud at Standard Chartered Bank (SCB) Bangladesh, following reports of unauthorised transactions. The central bank is treating the matter with high priority through which a fraud group allegedly siphoned money from customer credit cards, sources in the banking sector said. A fraud group reportedly stole around Tk 27 lakh from 54 SCB customers in the last week of August, prompting the bank to temporarily suspend credit card transfers to MFS platforms like bKash and Nagad. Victims reported that without their knowledge or any transaction, Tk 50,000 was transferred from their cards to bKash and Nagad accounts in each instance. The money was then quickly withdrawn by the...