Banks asked to give monthly update on frozen accounts
The government yesterday asked all commercial banks and financial institutions to provide monthly updates on frozen bank accounts held by corruption suspects.
The Internal Resources Division (IRD) of the finance ministry yesterday issued the instructions.
The IRD in the letter asked banks and financial institutions concerned to send the information of account activities including withdrawals to the Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) every month on a regular basis.
Over a hundred bank accounts belonging to business organisations and individuals including two former premiers -- Khaleda Zia and Sheikh Hasina -- have been frozen by the NBR for their alleged links with corruption.
The NBR later relaxed restrictions on a few of the accounts upon receiving formal requests from account holders to allow withdrawal of money from the accounts for urgent situations.