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Chittagong businessmen leave behind thousands of crores in loan defaults, live lavishly abroad

Chittagong businessmen leave behind thousands of crores in loan defaults, live lavishly abroad
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Take loans, leave country: How some Ctg businesses are avoiding paybacks

A large number of loan defaulters leaving the country and settling abroad has put the banks and financial institutions in Chattogram in a crisis. According to banks, industry insiders, lawyers, and court officials, 33 owners of 22 business organisations in Chattogram have left the country in the last one decade after borrowing around Tk20,000 crore. Eleven of these businessmen

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