ACC summons IBBL MD, 25 officials in mid-Nov
FE Report | Thursday, 6 November 2014
The Anti Corruption Commission (ACC) has summoned 26 officials of Islami Bank Bangladesh Limited (IBBL), including its managing director (MD), by mid-November over allegation of irregularities in Tk 13 billion loans taken by Ananda Shipyard.
On Thursday, the ACC served notices upon the bank officials asking them to be present at the ACC head office on November 12, 13 and 16 next.
ACC Deputy Director Zainal Abedin Shibly issued the notice, sources said.
ACC will interrogate 9 officials of IBBL Karwan Bazar Branch on November 12. On November 13, the commission will quiz 13 officials of IBBL including its Managing Director Abdul Mannan. And on November 16, the anti-graft body will grill 4 officials.
Recently, ACC included two more members for extensive investigation into the allegation centring about Tk 13 billion loans taken from 14 commercial banks and financial institutions by Ananda Shipyard and Slipways Limited (ASSL), a ship builder and exporter.
On September 17 last, the ACC interrogated the chairman and a director of Ananda Shipyard in connection with an allegation.
According to ACC sources, Ananda Shipyard took loan of Tk 4.56 billion from IBBL, about Tk 1.87 billion from Arab-Bangladesh Bank Limited, Tk 2.21 billion from Mercantile Bank, Tk 1.14 billion from One Bank, Tk 2.38 billion from Janata Bank, Tk 240 million from Bangladesh Development Bank Limited and Tk 151 million from NCC Bank.
It also took loans of Tk 19 million from Bangladesh Industrial Finance Company (BIFCL), Tk 231.8 million from Phoenix Finance and Development Limited, Tk 117.5 million from Fareast Finance and Development Limited, Tk 37 million from IDLC, Tk 30 million from Housing Finance and Investment Limited, Tk 40 million from Hajj Finance Company Limited and Tk 30 million from Premier Leasing and Finance Limited.
Meanwhile, the IBBL refuted Thursday the alleged irregularities relating to its investment in the ASSL.
A statement issued by the IBBL Assistant Vice President Nazrul Islam said some 12 banks and financial institutions, including the IBBL made the investment, taking the company’s reputation and prospect of the country’s ship-building industry into consideration.
Besides, necessary banking rules and regulations were followed accordingly in respect of such investments, it said.
“The matter (regarding investment) is now under investigation by the central bank,” the statement said, mentioning that the IBBL was making necessary provisioning against its investment in line with the Bangladesh Bank’s instruction.
Apart from that, necessary collateral has also been taken from the company against the investment, said the statement.
So, there is no scope to have irregularities relating to such investments, it added.
The IBBL issued the statement against the backdrop of reports aired by different television channels on the day.
On Thursday, the ACC served notices upon the bank officials asking them to be present at the ACC head office on November 12, 13 and 16 next.
ACC Deputy Director Zainal Abedin Shibly issued the notice, sources said.
ACC will interrogate 9 officials of IBBL Karwan Bazar Branch on November 12. On November 13, the commission will quiz 13 officials of IBBL including its Managing Director Abdul Mannan. And on November 16, the anti-graft body will grill 4 officials.
Recently, ACC included two more members for extensive investigation into the allegation centring about Tk 13 billion loans taken from 14 commercial banks and financial institutions by Ananda Shipyard and Slipways Limited (ASSL), a ship builder and exporter.
On September 17 last, the ACC interrogated the chairman and a director of Ananda Shipyard in connection with an allegation.
According to ACC sources, Ananda Shipyard took loan of Tk 4.56 billion from IBBL, about Tk 1.87 billion from Arab-Bangladesh Bank Limited, Tk 2.21 billion from Mercantile Bank, Tk 1.14 billion from One Bank, Tk 2.38 billion from Janata Bank, Tk 240 million from Bangladesh Development Bank Limited and Tk 151 million from NCC Bank.
It also took loans of Tk 19 million from Bangladesh Industrial Finance Company (BIFCL), Tk 231.8 million from Phoenix Finance and Development Limited, Tk 117.5 million from Fareast Finance and Development Limited, Tk 37 million from IDLC, Tk 30 million from Housing Finance and Investment Limited, Tk 40 million from Hajj Finance Company Limited and Tk 30 million from Premier Leasing and Finance Limited.
Meanwhile, the IBBL refuted Thursday the alleged irregularities relating to its investment in the ASSL.
A statement issued by the IBBL Assistant Vice President Nazrul Islam said some 12 banks and financial institutions, including the IBBL made the investment, taking the company’s reputation and prospect of the country’s ship-building industry into consideration.
Besides, necessary banking rules and regulations were followed accordingly in respect of such investments, it said.
“The matter (regarding investment) is now under investigation by the central bank,” the statement said, mentioning that the IBBL was making necessary provisioning against its investment in line with the Bangladesh Bank’s instruction.
Apart from that, necessary collateral has also been taken from the company against the investment, said the statement.
So, there is no scope to have irregularities relating to such investments, it added.
The IBBL issued the statement against the backdrop of reports aired by different television channels on the day.