Janata management asked to recover AnonTex loans

Janata Bank's board yesterday asked its management to recover loans from AnonTex Group as it has been given a large amount of credit from the bank in violation of rules.

A board meeting of the state-owned lender was held at its head office in the capital where the management placed the latest credit situation of the group, a board member of Janata Bank told The Daily Star.

The bank's management was asked to recover the loans from the group on a regular basis, he said.

The board instructed the management to extend its cooperation to the group to operate its business so that it can pay instalments in due time, the board member said.

It also gave a directive to the management to take an initiative to transfer the loans to other banks with a view to reducing AnonTex's credit volume with the bank, he said.

As much as Tk 5,504 crore was disbursed in loans to AnonTex Group between 2010 and 2015 breaching the single borrower exposure limit.