Legal notice seeks commission to probe bank irregularities


23rd January, 2019 10:04:19 printer

Legal notice seeks commission to probe bank irregularities

A legal notice was sent to authorities concerned seeking formation of a commission to investigate various irregularities in Bangladesh’s banking sector.


Supreme Court lawyer Manzill Murshid sent the notice to Bangladesh Bank governor, the Cabinet secretary, PMO secretary, Finance Division secretary, Financial Institutions Division secretary and law ministry secretary.  


It mentioned that billions of taka had been embezzled from state-run and private banks over the last several years. But no effective measures were taken to stop it although the money was deposited by the people.


The notice requested the formation of a commission under the 1953 inquiry commission act within the next seven days to probe irregularities and make recommendations to prevent them in the future.


It asked to include former Bangladesh Bank governor Dr Mohammed Farashuddin, BB Governor Salahuddin Ahmed, former caretaker government adviser Mirza Azizul Islam, former BB deputy governor Khondokar Ibrahim Khaled, former Citibank N.A. CEO Mamun Rashid, representatives from BB and finance ministry in the commission.