Bangladesh Bank has decided to appoint observers at the Islami Bank Bangladesh Ltd (IBBL) and First Security Islami Bank (FSIBL), said a top official of the central bank.
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.
Information about S Alam Group has bought a bank with money from another lender and taken controlling stakes in other banks is surfacing now, but people in the banking sector and involved in economic policy-making knew about the developments, said economist Ahsan H Mansur.