Barrister Mir Ahmad Bin Kasem Arman stated that the final decision on transferring the mobile financial service provider Nagad to the private sector depends on the new government’s policy direction. He made the remarks on Tuesday after a meeting with Bangladesh Bank Governor Dr. Ahsan H. Mansur. Arman said the governor informed him that the government has not yet finalized its stance on Nagad, and investment procedures will begin only if the government decides to allow private investors to take over, as the interim administration had considered.

Arman explained that discussions on bringing foreign investment into Nagad began during the interim government period, and his meeting with the governor continued that dialogue. He clarified that he is working as a professional lawyer and local representative for foreign investors, not in his capacity as a member of parliament. He also noted that potential investors are interested in Bangladesh’s digital banking sector and have expressed willingness to conduct an audit to assess Nagad’s profitability.

Addressing concerns about conflict of interest, Arman said his legal work does not conflict with his political role, emphasizing that his political activities are for public service while his legal practice supports his livelihood.