JS body asks Agrani Bank to settle 10 audit objections

The parliamentary standing committee on public accounts on Wednesday asked Agrani Bank Ltd to settle 10 audit objections of fiscal year 2011-12 involving over Tk 545 million and take legal actions against the persons responsible within next 90 days.

The suggestion came at a meeting of the committee held at the Jatiya Sangsad Bhaban, with its chairman Mohiuddin Khan Alamgir in the chair.

As per audit objections, Agrani Bank incurred a loss of Tk 81.19 million as it failed to realise the loan from a company namely M/S Jessore Corporation.

It also failed to realise Tk 131.22 million loan from M/S Sayeed Textile Mills, Tk 20.94 million loan from Drawing Power (DP) and Tk 124.08 million as CC (pledge loan) from Khulna Metal.

The bank could not realise Tk 61.55 million loan sanctioned unduly in favour of M/S MR Rice Mills.

It also failed to realise Tk 10.2 million loan due to irregular loan disbursement in favour of M/S Nowrin Cement Mills and incurred a loss of Tk 54.75 million due to sanctioning of loan unduly in favour of M/S MR Flour Mills.

The bank incurred a loss of Tk 31.69 million as it failed to adjust defaulting loan sanctioned in favour of M/S Ayesha Flour and Dal Mills. It also failed to realise CC of Tk 29.43 million from M/S Uttara Himghar as the bank did not conduct feasibility study before sanctioning the loan.

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