The government will release soon the last installment worth Tk 3.0 billion of a bailout package for the small investors beggared by the capital-market crash following burst of the bubble.
Recently, Bangladesh Bank (BB) requested the Banks and Financial Institutions Division (BFID) of the Ministry of Finance (MoF) to release the funds.
In this connection, the BFID sent a request letter to the finance division for releasing the last tranche of the cash aid to the victims of the scam-induced bourse debacle of December 2010-January 2011 period.
In 2013, the government formed a 're-financing scheme' worth Tk 9.0 billion for the retail investors as part of measures for salvaging the country's capital market.
The government has already released Tk 6.0 billion from the bailout package.
"This is the last installment of the Tk 9.0 billion bailout for the affected investors. We hope that the installment will be released within the next week," an official concerned said.
Earlier, 46 merchant banks or stockbrokers had applied to the Investment Corporation of Bangladesh (ICB) for their 23,256 affected investors for providing Tk 5.94 billion.
rezamumu@gmai.com
Last installment to be released soon
FE Report | Published: June 02, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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