[object Object]
Summarized and contextualized by DistantNews.
At a glance
- Bangladesh Bank's former governors are under investigation for alleged policy abuse.
- The Anti-Corruption Commission (ACC) requested documents from Bangladesh Bank regarding policies favoring loan defaulters and influential groups.
- Specific requests include approvals for large loans and documents related to the S Alam Group's bank ownership.
Bangladesh Bank's former governors Atiur Rahman, Fazle Kabir, and Abdur Rouf Talukder are facing scrutiny as the Anti-Corruption Commission (ACC) investigates allegations of policy abuse. The ACC has formally requested additional information and documents from the central bank to aid its inquiry.
In a letter dated June 11, the ACC urged Bangladesh Bank to submit the necessary records by June 30. Officials confirmed that some documents have already been received and are under review. The commission indicated that further reminders would be issued if the provided information is deemed insufficient.
The investigation stems from allegations made in late May 2025, where the ACC accused individuals in key positions at Bangladesh Bank of abusing their authority. These alleged abuses involved issuing policies that benefited loan defaulters and influential business conglomerates, notably the S Alam Group.
As part of its comprehensive inquiry, the ACC is seeking certified copies of all approvals related to the Single Borrower Exposure Limit and large loan rescheduling/restructuring issued between 2016 and 2020-2024. The commission also requested details on Bangladesh Bank's board members from 2009 to 2024, a list of companies that received incentive loans, and documents pertaining to approvals allowing the S Alam Group to acquire bank ownership. Additionally, the ACC seeks the investigation report on the Bangladesh Bank reserve theft prepared by cybersecurity adviser Tanvir Zoha, along with approvals concerning the printing of money to support banks owned by the S Alam Group during Abdur Rouf Talukder's tenure.
Originally published by Daily Star. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.