Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
Whether prosecuting the masterminds of the hallmark loan scam will help reduce corruption in the financial sector depends on the overall stance of the government. If loan scams continue one after another in the banking sector, one or two trials will not improve the situation. To top it all, the hearing of the Hallmark loan […]
Basic Bank directors have told the Anti-Corruption Commission that loan proposals or approvals were rarely discussed at board meetings and that working papers were sent to the directors the night before the meeting. Apart from this, documents related to loan approvals were also not given to the directors. The directors said that former Basic Bank […]
Last year, information about a big loan scam in the bank came to the fore. The bank disbursed loans to companies that were opened in real and false names a few days prior to loan disbursement. The loans were disbursed at the bank’s Khatunganj and Agrabad branches in Chattogram, Rajshahi branch and Rajshahi, New Market […]
The central bank did not name the banks but appointed coordinators at National Bank, AB Bank, One Bank, Padma Bank and Bangladesh Commerce Bank after meetings between the banks and officials of the Roof. Now the central bank will determine the measures for the basic bank once the action plan is presented. A senior official […]
Bangladesh Bank has launched new efforts to tighten surveillance on five of the country’s 10 Islamic banks following allegations of irregularities in the disbursement of large loans. Five Sharia-based banks will have to report loans of more than 10 million taka to the central bank. Governor Abdur Rauf Talukdar issued a series of instructions on […]
Six of them are former bank officials: Managing Director Humayun Kabir, Deputy Managing Director Mainul Haque, General Manager Noni Gopal Nath, Deputy General Manager Sofiz Uddin Ahmed, Assistant General Manager Mohammad Kamrul Hussain and Executive Officer Mohammad Abdul Mateen. The three other convicts are Saiful Islam Raza, managing director of Paragon Knit Composite Ltd, a […]
The court directed Bangladesh Bank, the Bangladesh Financial Intelligence Unit, the Criminal Investigation Department of the police, the Anti-Corruption Commission and officials of the banks to investigate the loan scam allegations. According to Deputy Attorney General AKM Amin Uddin Manik, the authorities have been given time till April 5 to present their findings. The court […]
Almost every day news is coming out about the banking sector. How long can people be fooled into thinking that there is no crisis in the region? I don’t know of a single case anywhere in the world where a single business conglomerate controls more than half a dozen banks. According to the central bank’s […]
Along with this, the court also directed to file an affidavit through the registrar of the High Court after presenting the report. Mohammad Ali Chowdhury, the former manager of the Shantinagar branch of Basic Bank, has filed a petition in the High Court after failing to secure bail in a trial court in separate cases […]
The court also directed to take action against ACC as per law if the probe is not completed within this time limit. The High Court also asked the investigation reports of these cases filed seven years ago to be submitted to the concerned court within the next three months. After submitting the report, an affidavit […]
But in the last hearing on Tuesday, the High Court rejected the bail plea of Mohammad Ali in three separate cases of Basic Bank loan scam and embezzlement. Also asked the ACC to submit the affidavit over inquiry report to the court through the register of the High Court Division. In the hearing, advocate Kurshid […]
