State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Serial no.
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Instances of reported irregularities in banks
Table: News compilation of major irregularities in banks during 2008-2023
Irregular activities
SB Exim allegedly swindled BDT 200 crore by using forged documents in the name of
exporting terracotta tiles in 2018. The owner Shahjahan Bablu was also nominated by the
bank for Bangladesh Bank Remittance Award 2018 and later awarded on 7 October 2018
despite being a loan defaulter
A loan officer of Dhaka bank embezzled BDT 7.8 crore from accounts of around 38 clients
between 2018 and March 2019.
The manager at the privilege center of MTB embezzled about BDT 4.97 crore from a client's
account by forging her signature
Extended credit beyond the permissible amount of about BDT 1,248.3 crore to S Alam Refined
Sugar Industries, a subsidiary of the controversial S Alam Group, and BDT 1,070.7 crore to
Global Trading Limited.
Former managing director of NRB Global Bank Proshanta Kumar Halder aka PK Halder
misappropriated of more than BDT 3,000 crore from three financial institutions.
Four bank officials embezzled money over BDT 0.023 crore from the Islami Bank's Shibganj
branch in Chapainawabganj
SIBL allowed Sharp Knitting and Dyeing of Gazipur to import goods worth over BDT 17079.15
crore by using 889 back-to-back LCs, even though the company did not renew the license for
its bonded warehouse, which is a must to avail such facilities.
The Chattogram-based S Alam Group has taken out about BDT 30,000 crore in loans form,
which is way beyond they are entitled to, BDT 215 crore
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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Amount of money lost
2000000000.00
78000000.00
49700000.00
12483000000.00
110000000000.00
230000.00
170791500000.00
300000000000.00
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