How long till Farmers Bank pays back what’s due?
By investing only Tk 400 crore to establish a bank, the bank owners are able to control the deposits of thousands of crores of taka, decide where to invest it, and who to lend it to.
A Dhaka court has framed charges against former chief justice Surendra Kumar Sinha and 10 others in a case filed for misappropriating and laundering about Tk 4 crore from Farmers Bank in 2016.
The High Court has extended its earlier directive staying a lower court order that granted bail to Rashedul Haque Chisty, son of former chairman of Farmers Bank audit committee Mahbubul Haque Chisty, in a Tk 159 crore money laundering case.
Rashedul Haque Chisty, son of the former chairman of Farmers Bank audit committee Mahbubul Haque Chisty, today got bail through hearings in two virtual courts in Dhaka, in connection with two money laundering cases.
Rashedul Haque, son of former chairman of Farmers Bank audit committee Mahabubul Haque Chisty, gets bail in one of two cases filed over the misappropriation of Tk 135 crore after a virtual hearing.
Mahabubul Haque Chisty, former chairman of the Farmers Bank audit committee, has been shown arrested in connection with five cases filed over amassing more than Tk 135.45crore illegally.
The High Court rejects a bail petition filed by Mahabubul Haque Chisty, former chairman of Farmers Bank Audit Committee, in a Tk 160-crore laundering case, blocking the way of his walk out of jail.
The Anti-Corruption Commission grills four accused including Farmers Bank's former Audit Committee chairman Mahabubul Haque Chisty in a case filed over embezzlement of Tk 160 crore and irregularities in loan disbursement.
Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.
Ruling Awami League lawmaker Muhiuddin Khan Alamgir yesterday claimed that the media reports against him over the Farmers Bank loan scam were based on imagination.
The cash-strapped Farmers Bank failed to repay interbank short-term loans of about Tk 700 crore to four banks over the past two months, a development that may further erode depositors' confidence in the scam-hit bank.