ACC making list of bank directors as defaulters

Anti-Corruption Commission (ACC) has recommended introducing a provision for taking the permission of Bangladesh Bank alongside the board of directors of the bank concerned about writing off any loan, and listing all the directors of the organisation whose loan is written off as defaulters, reports UNB.

It also suggested introducing another provision to ensure that no loan is written off without filing any case.

The national anti-graft body put forward a 10-point recommendation to the central bank and the finance ministry on Monday about the loan write-off, ACC public relations officer Pranab Kumar Bhattacharjee said.

The other recommendations include specifying the reasons before writing off the loan, looking into the fact that whether the businessmen have transferred the loan fund to elsewhere, mentioning whether the bank management concerned has any fault/irregularity in the process from sanctioning to writing off loan, taking highest measures as per the existing law to realise the loan and introducing a provision of filing two cases before writing off any loan.

Pranab said an ACC inquiry team came up with the suggestions after reviewing five written-off loans of AB Bank Ltd, National Bank Ltd and Bangladesh Development Bank Ltd each in the last 15 years.