The Bangladesh Bank has asked Sonali Bank to settle overdue payment of Tk 1,372.03 crore to 36 local and foreign banks in the country against its acceptance bills which are being investigated by the Anti Corruption Commission. The BB on June 6 issued a letter to the managing
sonali bank
Sonali Bank, Indian Polaris launch JV for banking solution
The state-owned Sonali Bank and Indian financial technology service provider PolarisFT on Wednesday launched a joint venture company to provide banking solutions in Bangladesh. The new company, Sonali Polaris FT Limited, will provide various banking solution to Sonali Bank and others banks of the country.
Sonali board members blame management
Hallmark Scam Sonali board members blame management Four members of the board of directors of Sonali Bank on Wednesday alleged the bank management was involved in the Hallmark money swindling, claiming their non-involvement in the loan scam. Members of the board of directors Suvas Chandra Singho Roy, Jannat Ara Henry, KM Zaman Romel and Sattayendra Chandra ... Read more
ACC starts Sonali scam probe
Tk 500cr embezzlement ACC starts Sonali scam probe The Anti-Corruption Commission has started inquiry into an allegation of embezzlement of around Tk 500 crore from three more branches of Sonali Bank. The three branches are the Sonali Bank’s local office, Gulshan branch and Agargon branch, an ACC official told New Age. The ACC on Monday formed ... Read more
Swindle unearthed at another branch
Sonali Bank Scam Swindle unearthed at another branch Tk 159cr loan given illegally Like its scam-hit Ruposhi Bangla Hotel branch, Sonali Bank’s Gulshan branch has helped a number of companies to swindle Tk 159 crore out of it. The branch approved and disbursed the money in loans and advances in the last two and a ... Read more
Two Sonali Bank DMDs made OSD
Two GMs also removed The government on Tuesday made Sonali Bank Limited deputy managing directors Atiqur Rahman and Mainul Haq officer-on-special duty following the bank’s financial scandal in siphoning out around Tk 3,600 crore by the Hallmark Group. The ministry of finance in an order on the day made the officials of the state-owned bank
The enemy within
Inside the bank, it was in the air that something grossly wrong was going on at three Sonali Bank branches — Ruposhi Bangla, Gulshan and Motijheel local office — regarding loans to a powerful company named Hall-Mark. It was also in the air that some influential political figures were involved in the still unknown scams ... Read more
Muhith at odds with central bank
Sonali Board Recast Muhith at odds with central bank Bangladesh Bank’s request to the finance ministry to recast the board of state-owned Sonali Bank following the Tk 3,832-crore loan scam has sparked off a debate. “This is not Bangladesh Bank’s duty,” said Finance Minister AMA Muhith when asked by reporters on the central bank’s recommendation ... Read more
BB for reconstituting Sonali Bank board
Failure To Stop Loan Scam BB for reconstituting Sonali Bank board The central bank yesterday requested the finance ministry to reconstitute the board of directors of Sonali Bank Ltd for its failure to stop Tk 3,832-crore loan scam. In a letter to the finance minister, Bangladesh Bank Governor Atiur Rahman said the nature of the ... Read more
Bangladesh Fund floated
The much-talked-about ‘Bangladesh Fund’ entered the stockmarket formally on Thursday by purchasing shares of the state-run Titas Gas. The Securities and Exchange Commission (SEC), a day ago, approved the registration of Tk 5,000 crore fund
Sonali Bank inks pact with CityCell for broadband services
State-owned Sonali Bank, the country’s largest commercial bank, yesterday signed an agreement with mobile broadband service provider CityCell to avail the latter’s high-speed broadband services, to speed up remittances. Golam Anjumanarul Islam, head of business, CityCell and Sahid Hossain, deputy general manager (IT Division), Sonali Bank, signed the agreement at