The Anti-Corruption Commission has filed three separate cases against 15 individuals, including S Alam Group Chairman Mohammad Saiful Alam and Proshanta Kumar Halder, former managing director of Reliance Finance Limited (now Aviva Finance), over the alleged embezzlement and laundering of approximately Tk 270 crore from non-bank financial institutions.
Mohammed Saiful Alam and his family have acquired vast wealth at home and abroad, using money siphoned off through loans taken in the name of front companies
Troubled state-run lender Janata Bank continues to be overly lenient towards AnonTex Group, one of its five large borrowers, despite negligible loan recovery in 13 years from the garment manufacturer.
Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.
Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor
The Anti-Corruption Commission has found the involvement of several people in the forgery of two loans acquired from Farmers Bank, ACC Chairman Iqbal Mahmood yesterday said.
BASIC Bank has finally been able to trace 50 firms which took loans from the bank showing fake documents with the help of its former chairman Abdul Hye Bachchu.
The Anti Corruption Commission (ACC) yesterday interrogated five more senior officials of Janata Bank as witnesses in a graft case filed over Tk 250 crore loan scam.
The Anti-Corruption Commission yesterday arrested two businessmen in a case filed over a Tk 76 crore loan scam at BASIC Bank.
ACC arrests four people including an official of the BASIC Bank in Dhaka in connection with swindling of huge amount of money from the bank.
The High Court clears the way for continuing trial of Hall Mark Group General Manager Tusher Ahmed in nine separate loan-scam cases.
High Court issues a rule asking why BASIC Bank’s former chairman Sheikh Abdul Hye Bacchu will not be implicated in cases filed over loan scam worth Tk 154 crore.
Seven former officials of Oriental Bank are sentenced to 10 years’ rigorous imprisonment for embezzling Tk 1 crore in the name of disbursement.
