Bangladesh Bank has ordered Janata Bank to cancel the Tk 3,359 crore interest waiver facility the lender had allowed to AnonTex Group, after an audit found forgeries and scams involving the loans.
The state-owned bank's failure to meet any of the performance targets set by the central bank raises a red flag.
Janata Bank must answer for its poor handling of AnonTex’s loans
Is the government ever going to stop them?
Janata Bank has been granting undue favour to yet another big borrower, allowing the company to open letters of credit (LC) one after another overstepping all sorts of banking rules, multiple Bangladesh Bank investigations have found.
Bangladesh Bank has ordered Janata Bank to cancel the Tk 3,359 crore interest waiver facility the lender had allowed to AnonTex Group, after an audit found forgeries and scams involving the loans.
The state-owned bank's failure to meet any of the performance targets set by the central bank raises a red flag.
Janata Bank must answer for its poor handling of AnonTex’s loans
Is the government ever going to stop them?
Janata Bank has been granting undue favour to yet another big borrower, allowing the company to open letters of credit (LC) one after another overstepping all sorts of banking rules, multiple Bangladesh Bank investigations have found.
