Alamgir, who recently resigned as Farmers Bank chairman under pressure for alleged mismanagement in running the bank, is chairman of the parliamentary standing committee on public accounts. Former environment minister Hasan Mahmud now heads the parliamentary standing committee on environment and forests. Licensed on political considerations and launched four years ago, the Farmers Bank is facing allegations of disbursing loans beyond the limit permitted by the rules and much of the loans have turned into bad debt, creating a liquidity crisis. According to him, the government has deposited Tk 32 billion from the Bangladesh Climate Change Trust fund in banks, including over Tk 13.21 billion in five state-owned banks. From the fund, Tk 11.91 billion has been kept in fixed deposits.

Source: bd News24 January 30, 2018 17:15 UTC