Today, Murad called on the Government to compensate those who lost money because of the collapse of First Solution Money Transfer earlier this year. The company ows up to Â£3m to 2,000 people in the Bangladeshi community of East London and is currently being investigated by the police for possible fraudulent activity.
Money transfers or remittances constitute an important part of the financial aid flow to developing countries and money sent back by relatives to those communities by far outstrips the official global aid budget.
In today’s Observer Murad said: “Firms like First Solution Money Transfer and their customers play a critical role in mobilising public responses to natural disasters like the recent Bangladesh cyclone. It would be a tragedy if this issue stops people sending out money to such worthy causes.”