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 […]
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 […]
