Bangladesh Bank today accepted his resignation letter.
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, 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.
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.
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.
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.
With Farmers Bank, no-one knows when the woos will end. And as days go by, more and more depressing statistics are coming out.
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.
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.
Bangladesh Bank responded very late in dealing with the ailing Farmers Bank, former central bank governors and senior economists said.
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.
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.
Mahabubul Haque Chisty, chairman of the Farmers Bank's executive committee, is at the centre of controversies surrounding the newly established bank.
