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BCB dismisses reports on financial irregularities, reaffirms transparency

To date, the BCB has partnered with 13 financial institutions, reporting a 2–5% increase in interest income.

Daily Sun Report, Dhaka

Published: 26 Apr 2025, 01:40 PM

BCB dismisses reports on financial irregularities, reaffirms transparency

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The Bangladesh Cricket Board (BCB) has issued a strong rebuttal to recent media reports suggesting financial irregularities within the organisation. In an official statement, the Board expressed concern over what it described as "misinformed and inaccurate" claims that aim to tarnish the image of the BCB and its President, Mr Faruque Ahmed.

Since assuming office in August 2024, Mr Ahmed has prioritised financial transparency, particularly amid the economic challenges following last year’s political unrest. The BCB clarified that it reassessed its banking partnerships, withdrawing Tk 250 crore from banks deemed risky and reinvesting Tk 238 crore in safer institutions categorised under the Bangladesh Bank's Green and Yellow Zones. The remaining Tk 12 crore was allocated for operational use.

The Board stressed that the President does not make financial decisions unilaterally. All transactions require the authorisation of two senior officials — Finance Committee Chairman Mr Fahim Sinha and Tender and Purchase Committee Chairman Mr Mahbubul Anam.

To date, the BCB has partnered with 13 financial institutions, reporting a 2–5% increase in interest income. Additionally, Tk 12 crore in sponsorships has been secured from these banks, with another Tk 20 crore pledged for infrastructure development.

The BCB condemned attempts by “disruptive elements” to undermine its credibility and urged the media to avoid spreading unverified information. It reaffirmed its commitment to financial integrity and welcomed scrutiny from credible sources.

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