Salman Active in Prison!
Salman Active in Prison!

Salman Fazlur Rahman, leader of BEXIMCO Group and former private sector advisor to Prime Minister Sheikh Hasina, is reportedly continuing to conspire against the country despite being locked up. Sources claim that Salman remains in contact with several Awami League leaders, including Sheikh Hasina,...

Country's default loans stand at Tk 2,85,000 crores
Country's default loans stand at Tk 2,85,000 crores

Non-performing loans (NPLs) in Bangladeshs banking sector stood at Tk 2 lakh 84 thousand 977 crores at the end of September this year, which is 16.93 percent of the total disbursed loans. Indeed, this is the highest ratio of disbursed loans to bad loans in the last 16 years. An updated report of...

Govt's bank loans reach Tk 59516 crore in first quarter of fiscal year
Govt's bank loans reach Tk 59516 crore in first quarter of fiscal year

To cover the budget deficit, the government borrowed Tk 59,516 crore from the banking system in the first four months of FY 2024-25, with a significant portion directed to repaying debt to Bangladesh Bank. A confidential report from Bangladesh Bank reveals that the Ministry of Finance raised Tk...

Bangladeshi citizens use island passports for money laundering
Bangladeshi citizens use island passports for money laundering

Bangladeshi rich people are increasingly seeking citizenship in Caribbean island nations, purchasing passports from countries like Antigua and Barbuda, Trinidad, and Grenada. This trend includes former government officials, businesspeople, and influencers across various professions. However, top...

Chief Adviser seeks Singapore’s support to recover laundered funds
Chief Adviser seeks Singapore’s support to recover laundered funds

Chief Adviser Professor Muhammad Yunus called on Singapore to aid Bangladesh in retrieving billions of dollars laundered abroad and to help reduce migration costs for Bangladeshi workers. Professor Yunus made this request on Sunday during a meeting with Singapores Ambassador to Bangladesh, Derek...

Entrepreneurs targeted by resentment
Entrepreneurs targeted by resentment

The Bangladesh Bank or the Financial Intelligence Unit (BFIU) cannot appoint a receiver to any business entity on its own. If a receiver needs to be appointed, it requires a lengthy process. However, in recent days, several media outlets have reported that receivers have been appointed to 10...

Bank of England cuts interest rate amid falling inflation
Bank of England cuts interest rate amid falling inflation

The Bank of England (BoE) cut its key interest rate on Thursday by 25 basis points to 4.75%, signaling further reductions as UK inflation dropped to a three-year low of 1.7%. This is the BoEs second rate cut since August, and follows a trend among major central banks in easing borrowing costs after...

8,000 crore in the syndicate's pocket
8,000 crore in the syndicate's pocket

The time frame is 9 years, and the total amount involved amounts to 8 thousand crore taka. This entire sum has been embezzled through a syndicate operating under the name of the International Gateway Operators Forum (IOF). All the entities within the forum are privately owned. The Bangladesh...

Dollar soars, Bitcoin hits record high as 'Trump trades' surge
Dollar soars, Bitcoin hits record high as 'Trump trades' surge

The U.S. dollar surged on Wednesday, set for its biggest one-day rise since March 2020, as traders responded to growing expectations of a Republican victory in the upcoming election. At the same time, Bitcoin reached a new all-time high, fueled by the rise of so-called Trump trades, which have...

US to help Bangladesh recover stolen money: Envoy
US to help Bangladesh recover stolen money: Envoy

The United States (US) has assured Bangladesh of providing support to repatriating its stolen money. US Charge dAffaires Helen LaFave made the assurance as she paid a farewell call on Chief Adviser Professor Muhammad Yunus at his office in Tejgaon of the capital on Thursday. During the...

Angry account holders lock down National Bank’s branch
Angry account holders lock down National Bank’s branch

Frustrated customers of National Banks Shibganj branch in Sylhet locked the main entrance of the bank on Wednesday in protest after being unable to withdraw their deposits, a situation that has reportedly persisted for several days, reports UNB. The agitated account holders gathered at noon...

Kapil Sharma on past failures: ‘Money alone doesn’t make you a producer!’
Kapil Sharma on past failures: ‘Money alone doesn’t make you a producer!’

Indias cherished comedian Kapil Sharma, while at the height of his success, has also faced his share of difficulties. Known as one of the highest-earning stars on television, Kapils journey has not been as smooth as it appears, reports UNB. At one point, the renowned comedian found himself...

Court bans transfer of property of ex-minister Nurul Islam
Court bans transfer of property of ex-minister Nurul Islam

The Chittagong Money Loan Court on Monday issued a ban on the transfer of property belongings to former Expatriate Welfare and Foreign Employment Minister Nurul Islam Bsc and his wife Sanwara Begum, reports the Business Standard. Joint District Judge of the Chittagong Money Loan Court Mujahidur...

Looting of Tk thousands of crore using foreign passports
Looting of Tk thousands of crore using foreign passports

Crime Investigation Department (CID) and Anti-Corruption Commission (ACC) has filed separate cases on the charge of looting of Tk thousands crore against S Alam group owner Saiful Alam (S Alam), Padma Bank chairman Chowdhury Nafeez Sarafat, Bangladesh Security and Exchange Commission (BSEC)...