farmers bank

Farmers Bank ex-audit body chief denied bail in graft case

The High Court rejects a bail petition of Mahbubul Haque Chisty, former chairman of Farmers Bank audit committee, in a corruption case filed for misappropriating Tk nine lakh of the bank funds for his personal travelling.

June 7, 2020
June 7, 2020

Farmers Bank scam: HC denies bail to Sohel Rana

The High Court today refused to grant bail to Sohel Rana, suspended manager of Farmers Bank's Tangail branch, in a case filed on charges of misappropriating and laundering Tk 9.28 crore from the bank.

January 30, 2019
January 30, 2019

Farmers Bank ex-audit body chief denied bail in graft case

The High Court rejects a bail petition of Mahbubul Haque Chisty, former chairman of Farmers Bank audit committee, in a corruption case filed for misappropriating Tk nine lakh of the bank funds for his personal travelling.

December 21, 2018
December 21, 2018

Farmers Bank: Dramatic rise in loan default

With Farmers Bank, no-one knows when the woos will end. And as days go by, more and more depressing statistics are coming out.

December 21, 2018
December 21, 2018

Farmers Bank: Dramatic rise in loan default

With Farmers Bank, no-one knows when the woos will end. And as days go by, more and more depressing statistics are coming out.

October 5, 2018
October 5, 2018

Several people involved in Tk 4 crore loan scam

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.

August 30, 2018
August 30, 2018

Confiscate all properties of Chisty, wife

A Dhaka court yesterday ordered the Anti-Corruption Commission to confiscate the moveable and immoveable properties of former Farmers Bank director Mahabubul Haque Chisty and his wife Ruzi Chisty in connection with a case over laundering Tk 160 crore.

May 11, 2018
May 11, 2018

Bangladesh Bank flouts own rules

It defies rationale that the central bank would relax its own rules of business to allow for four state-owned banks and one government financial institution to inject Tk 715 cores into the troubled Farmers Bank. BB's investigations into the bank found that its top brass is complicit in the financial meltdown that involved the former chairman and ex-chairman of the executive committee. Yet, we find that instead of ordering structural changes in the way the bank is managed, the central bank is more interested in replenishing the bank's fortunes.

April 2, 2018
April 2, 2018

Pvt banks given more benefits

In yet another compromise with directors of private commercial banks, the government yesterday decided to slash the cash reserve requirement or CRR of banks by one percentage point to 5.5 percent for their benefit.

March 31, 2018
March 31, 2018

Desperate move to save pvt banks

The government will allow state agencies to deposit 50 percent of their funds to deposit in private banks, up from the existing ceiling of 25 percent, to tackle the liquidity crisis in the sector.

March 24, 2018
March 24, 2018

New scams hit Farmers Bank

Bangladesh Bank has unearthed another string of scams at the Farmers Bank involving loans of around Tk 500 crore that were sanctioned to 11 companies in violation of banking norms and procedures. Of the amount, loans of more than Tk 367 crore that the bank's Motijheel branch gave to 10 of the companies from November 2013 to November last year have become defaulted. Some of the firms are either obscure or little-known.