Scam-hit Islami Bank earns operational profit in 2022, Basic Bank reports loss
Scam-hit Islami Bank earns operational profit in 2022, Basic Bank reports loss
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Scam-hit Islami Bank earns operational profit in 2022, Basic Bank reports loss
Bangladesh Bank, which is supposed to oversee the governance of the country’s financial institutions, has rather supported these irregular activities through its policies and actions.
As a result of the game of secrecy of the real beneficiaries, those involved in banking sector corruption and money laundering have hardly been brought to justice.
Why is it that small debtors suffer while big defaulters walk free?
High Court expressed disappointment at the embezzlement of large amounts of money from the state-run Basic Bank and the Anti-Corruption Commission's failure to press charges in any of the 56 cases filed over the bank's loan scams in the last seven years.