{
Islami Bank Bangladesh plc

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001122334455554433221100

bangladesh central bank chief exposes massive bank looting under former government

Bangladesh's central bank chief has condemned the unprecedented theft of nearly $17 billion from banks, orchestrated by businessmen linked to former Prime Minister Sheikh Hasina, often under duress. Following Hasina's fall, the new leadership aims to reform the banking sector and recover stolen funds, highlighting systemic corruption and mismanagement that led to repeated bank bailouts. The S. Alam Group, a major player in this scandal, is accused of exploiting political connections to siphon off vast sums, leaving the banking system in disarray.
Neue Zürcher Zeitung
United States Dollar Islami Bank Bangladesh plc BGD Abdul Mannan Ahsan Mansur Sheikh Hasina Muhammad Yunus Mohammad Saiful Alam Show more
Regulatory & Legal, News Article
06:30 30.10.2024
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