Joytu Sheikh Hasina International GM Chess begins tomorrow thebangladeshtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebangladeshtoday.com Daily Mail and Mail on Sunday newspapers.
Bangladesh now example before those who once criticized it: speakers
345
DHAKA, March 13, 2021 (BSS) – Speakers at a webinar today said that Bangladesh is now an example before those who once were critical about the country and the pioneer of such gains is Prime Minister Sheikh Hasina herself.
They also suggested the government to utilize the potentials for gaining the eligibility for graduating from the least development country (LDC) status to a developing country as well as about the possible operations to face the upcoming challenges.
The speakers said this at a webinar titled “Graduation to developing nation: Huge gains from Prime Minister’s development march” organized by Canadian University of Bangladesh.
“We’ve received the complaint filed by former home minister Muhiuddin Khan Alamgir on the Padma Bank. We are working on the matter. We will seek the Padma Bank’s statement,” SEC Chairman Shibli Rubayat-Ul-Islam said at a dialogue organised by the Economic Reporters Forum in Dhaka on Saturday.
Alamgir, the founding chairman of the bank, has alleged that his successor Sarafat invested Tk 1 billion of the bank in a fund in a “breach of rules”.
“We will talk to the asset management company as well. We will check everything to determine which information is correct. Everything will happen according to the law of the land. There is no reason for deviation on our side,” said SEC chief Islam, responding to a query from a reporter.
Muhiuddin Khan Alamgir
Viewed as a blot in Bangladesh’s financial sector, Padma Bank is back into sharp focus after its current management traded charges with founding chairman Muhiuddin Khan Alamgir who points the finger at his successor Chowdhury Nafeez Sarafat. );
}
After receiving the complaints, Bangladesh Securities and Exchange Commission says it will look at the charges ranging from abuse of office and embezzlement of money.
Dogged by loan scam and irregularities, the ownership and management of The Farmers Bank changed in 2018 before it was rechristened Padma Bank the following year apparently to restore its image.
MK Alamgir, a former home minister, now says incumbent Chairman Sarafat invested Tk 1 billion of the bank in a fund which is “in breach of rules”.
Chief Economics Correspondent, bdnews24.com File Photo
The Bangladesh Bank thinks Padma Bank Managing Director Ehsan Khasru “neglected duty” by breaching the rule that requires chief executives to secure the central bank’s permission to leave the country. );
}
Such “unacceptable” action is a big obstacle to establishing good governance in banks, the central bank observed in a notice that asked for his explanation about the matter.
Khasru did not take not take phone calls or respond to messages for his comments for this story.
The Bangladesh Bank had given him until Jan 7 to come up with a statement. Officials at the Padma Bank said they do not know whether he answered the central bank, whose officials also declined to comment.