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The United States has imposed sanctions on former chief of Bangladesh Army Aziz Ahmed and his immediate family members due to his involvement in significant corruption. The US Department of State made the announcement saying that his actions have contributed to the undermining of Bangladesh's democratic institutions and the public's faith in public institutions and processes.
Twenty-one life insurance companies in Bangladesh have failed to comply with the rule that makes it mandatory for them to invest 30 percent of their assets in government securities, the regulator has found.
The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.