The parliamentary committee on Environment Ministry has asked why Tk500 crore from the climate fund was put in the low-rated Farmers Bank. “The committee has asked why Tk500 crore from the climate fund was put in the Farmers Bank, which has such a low-rating,” he said. “The fund authority replied to the committee saying the bank has asked for some time to return the deposit. Another Tk499.633 crore is being kept at Farmers Bank Gulshan, Motijheel and Gulshan South branches. Farmers Bank had promised the highest interest rates.

Source: Dhaka Tribune January 30, 2018 17:03 UTC