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Aftab-Group-lease-irregularities

Uttara Bank faces Tk 62 crore rent fraud allegations
Uttara Bank faces Tk 62 crore rent fraud allegations
Uttara Bank’s head office is located in Motijheel, Dhaka, housed in its own 18-story building. Aftab Group is a tenant occupying four floors of the building, housing five entities, including the group’s head office. The space was rented out 14 years ago at a “dirt cheap” rate. According to the agreement, the lease was supposed to be renewed every two years with a condition to increase the rent. However, that renewal never took place to this day, and the offices continue to operate uninte...
Business•11 November 2026