'Militant' Account
Sonali Bank fined for failing to provide info
Staff Correspondent
Bangladesh Bank yesterday fined Sonali Bank Tk 10,000 for not informing it the account details of a suspected Islamist militant. Last year, the central bank asked all banks whether Moulana Farid Uddin Masud, who was arrested in connection with Islamist militancy, maintained any account with any bank. Although Sonali Bank had an account in his name, it did not inform the central bank. Later in an investigation, Bangladesh Bank found that Farid Uddin had an account with the Malibagh branch of Sonali Bank. According to Sonali Bank sources, Farid Uddin opened the account when he was one of the directors of Islamic Foundation and a transaction of around Tk 2 lakh took place in the account.
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