Govt probing IBBL spending

The government is looking into where the Islami Bank Bangladesh Ltd. (IBBL) spends its profit, State Minister for Home Asaduzzaman Khan Kamal has said.
"Islami Bank already gave a report on how its profits are spent. The intelligence people have been instructed to look into whether there are any discrepancies in it," said the minister, reports bdnews24.com.
He was speaking to reporters after emerging from a meeting of the ministry's Antiterrorism Committee on Thursday.
Kamal said the government was monitoring a few other financial institutions, operated by the bank, accused of terrorist-financing.
"The key to terrorism is funds. If that can be traced then wiping out terrorism will be easier," said the minister.
IBBL has been under international pressure in the last few years after a US Senate Committee report accused it of terrorist financing.
Banks like HSBC, Citi Bank NA and Bank of America have suspended transaction with it since then.
According to Bangladesh Bank officials, the bank maintained accounts of people, who were on the UN's suspicious people's list.
Islami Bank authorities did not disclose information of those accounts to the central bank.
The Bangladesh Bank has been monitoring the Islami Bank for quite sometime. It appointed an 'Observer' to the institution in 2010.