Investment Corporation of Bangladesh

ICB could lose Tk 438cr for unusual investment decisions

Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.

December 11, 2022
December 11, 2022

ICB could lose Tk 438cr for unusual investment decisions

Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.