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Bank-Company-Act

High court orders freeze on 81.92% shares of Islami Bank held by S.Alam
High court orders freeze on 81.92% shares of Islami Bank held by S.Alam
The High Court has ordered a three month freeze on 81.92% of the shares in Islami Bank held in the names of various companies affiliated with S.Alam Group. The High Court bench led by Justice KM Kamrul Kader issued the order on August 30 following a writ petition filed by Islamic Economics Research Bureau (IERB), a sponsor shareholder company of Islami Bank Bangladesh PLC. The court also issued a rule in the matter. The court asked why Bangladesh Bank’s inaction in allowing 81.92% of Isl...
Money•04 September 2026
42 banks struggle with directors' Tk 2 Lakh crore loans
42 banks struggle with directors' Tk 2 Lakh crore loans
They are all directors of private banks. Quite influential. Numbering around 500. They do not care about rules and regulations. Using their influence, they have taken loans amounting to Tk 2 lakh 8 thousand crore. Some pay installments occasionally, while many do not pay at all. Using various legal loopholes, they deposit a small amount to keep themselves from being classified as defaulters, then take out new loans again. The amount keeps growing. Their dominance persists under all governments....
Money•24 August 2026