Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
There is nothing in the ACC Act about banning foreign travel of persons under investigation. On 20 December 2020, the ACC issued a letter to the Immigration Police Superintendent (Airport), asking him to take measures to prevent a person named Ataur Rahman from leaving the country. The ACC had said that an investigation is going […]
Indian Finance Minister, Nirmala Sitharaman announced the conversion of 10 public sector banks into four strong banks on 29 August 2019. He also announced capital support of Rs 550 billion for the merger process. In 1998, some East Asian countries, including Thailand, Malaysia, Indonesia and South Korea, benefited from forced mergers of banks. Thailand spent […]
As of December 2023, Basic Bank's total outstanding loans stood at Tk 128.68 billion, while defaulted loans amounted to Tk 82.04 billion, which is 64 percent of the total loans. Other indicators of the bank, including security deposits and capital deficit, also perform poorly. Of the bank's defaulted loans, an amount of Tk 43.9 billion […]
The PP told Prothom Alo that the anti-corruption watchdog is investigating Sheikh Abdul Hai Bachchu and his family members on charges of amassing assets beyond declared sources. They filed a petition in the court, seeking an order to seize the properties of the former chairman and four of his family members – his wife Shireen […]
target not met Bangladesh Bank has directed four state-owned banks to reduce their non-performing loans by 12 percent by June next year in compliance with IMF conditions. The four banks in question are Sonali Bank, Aagi Bank, Janata Bank and Rupali Bank. However, no specific instructions have been given to reduce defaulted loans. As a […]
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 […]
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 […]
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 […]
The court ruled that the investigation should be completed in three months without fail. After completing the investigation, the ACC will have to submit the report to the High Court through the Registrar of the Supreme Court. Failure to complete the probe will invite legal action against the anti-corruption watchdog. ACC counsel Mohd Khurshid Alam […]
