farmers bank

Climate fund held hostage by Padma Bank / Can a defaulter prevail over the government?

Why has no investigation taken place to explore on which grounds and for whose benefit the lion’s share of the climate fund was deposited in the Farmers Bank?

Padma Bank gets over 2yrs to clear fine of Tk 55cr

Padma Bank, formerly known as Farmers Bank, is going to get over two years, until April 2028, to clear a Tk 55 crore penalty for its failure to maintain the regulator-stipulated cash reserve ratio (CRR) from 2017 to 2019. 

Anti-corruption day: Cases filed, but no progress in probes

Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.

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.

Farmers Bank ex-audit committee 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.

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.

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.

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.

Editorial / 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.

November 27, 2017
November 27, 2017

Farmers Bank Chairman MK Alamgir resigns from board of directors

Muhiuddin Khan Alamgir, chairman and Md Mahabubul Haque Chisty, chairman of the audit committee, are forced to resign from the trouble-hit Farmers Bank's board of directors.

January 28, 2016
January 28, 2016

Allow review plea of Farmers Bank, SC asks BB

The Supreme Court directs Bangladesh Bank to allow Farmers Bank to seek review of the central bank’s order that fined the bank Tk 10 lakh for concealing information.

January 25, 2016
January 25, 2016

The man behind dubious lending

Mahabubul Haque Chisty, chairman of the Farmers Bank's executive committee, is at the centre of controversies surrounding the newly established bank.

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