They also mentioned that it is time to take initiative to reduce charges for MFS services. "Multiply Tk 1.5 with the number of total transactions of a year, and see how much extra money is being taken," said Shyam Sunder Sikder, chairman of Bangladesh Telecommunication Regulatory Commission (BTRC). Terming the extra Tk 1.5 charge as theft and fraud, he said: "A monopoly business is going on here in the MFS sector. To prevent this, restrictions need to be imposed on significant market powers." "We need to investigate how they [MFS providers)] are charging an additional Tk 1.5 for their services," said Abul Kashem, former deputy governor of Bangladesh Bank.