ACC asks for documents from Farmers Bank [ Front Page ] 11/01/2017
TK 171CR LOAN IRREGULARITIES
ACC asks for documents from Farmers Bank
The Anti-Corruption Commission has sent a letter to Farmers Bank Limited asking for documents in connection with its ongoing inquiry into alleged irregularities in lending Tk 171 crore by the bank’s managing director and other directors.

Commission’s deputy director Jahangir Alam sent the letter to Farmers Bank managing director AKM Shameem on Sunday asking for the documents of approved loans worth Tk 135 crore given by its Gulshan branch and Tk 36 crore given by Motijheel branch.

The commission launched the inquiry on December 28, 2016 following an internal inspection report of Bangladesh Bank, a director of the commission told New Age on Tuesday.

In January 2016, three central bank probe teams found other irregularities in Farmers Bank’s lending operations including extending fresh loans against forged documents to borrowers who had defaulted on loans concealing the defaulted loans of about Tk 400 crore.

The central bank found that these irregularities took place at Gulshan, Motijheel and Shyampur branches of Farmers Bank between September and November in 2015.Farmers Bank began its journey on June 3, 2013.
 
 
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