Depositors of six distressed NBFIs seek BB action

An alliance representing more than 12,000 depositors of six non-banking financial institutions (NBFIs) currently under liquidation on Wednesday demanded immediate action by the Bangladesh Bank to recover funds that have remained trapped in the troubled institutions for nearly seven years, reports UNB.

The demand was made from a silent human chain formed in front of the central bank headquarters in the capital under the banner of "Alliance of Six NBFIs Depositors for Recovery."

During the protests, the demonstrators wore black clothes over their mouths in protest against what they described as the authorities' prolonged silence and as a symbol of their grievances.

The institutions are People's Leasing and Financial Services Ltd, International Leasing and Financial Services Ltd, FAS Finance & Investment Limited, First Finance Limited, Bangladesh Industrial Finance Company Limited and Premier Leasing & Investment Limited.