Environment and Forests Minister Anisul Islam Mahmud told parliament on Tuesday that his ministry had informed the finance ministry about the portion of the Bangladesh Climate Change Trust fund getting stuck in the bank. Alamgir resigned recently as Farmers Bank chairman after facing allegation that the bank has disbursed loans beyond the limit permitted by the rules and much of it has turned into bad debt, creating a liquidity crisis. The Bangladesh Bank had not responded to the Farmers Bank’s letter seeking Tk 3 billion cash injection. Recently, the central bank provided the Farmers Bank with Tk 960 million through repo. The Farmers Bank secured its licence along with eight other banks in June 2013 in a politically influenced move.

Source: bd News24 January 23, 2018 16:52 UTC