New round of bank scandals | The Daily Star
12:00 AM, July 20, 2018 / LAST MODIFIED: 12:00 AM, July 20, 2018

New round of bank scandals

A report in the Prothom Alo highlighted how a business group withdrew massive amounts of money—totalling Tk 5,000 crore—from Janata Bank. Another in Banik Barta focused on a Chittagong-based influential businessman who took Tk 3,000 crore and now wants his enterprises to be declared bankrupt.

It's really disappointing that despite numerous scandals, the government has done little to discipline the financial sector. Rogue businessmen continue to rob banks with impunity, while bank executives sanction money without proper assessments. This does not bode well for our financial sector and the economy.

 

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