BANGLADESH BATTLES TO REMEDY BANKING ILLS AFTER MAJOR FINANCIAL SCANDAL
February 1st, 2016
Inspired by one of its biggest ever banking scandals, Bangladesh has launched a host of reforms to bolster internal control in public banks, but it is finding it difficult to fix the problem. Politics continues to threaten implementing the anti-fraud measures. A lack of independence enjoyed by the central bank is just aggravating the situation. A.Z.M. Anas reports from Dhaka.
After a banking ‘robbery’ that cost Bangladesh government-owned Sonali Bank Limited around USD460 million in lost funds, Bangladesh has launched a flurry of reforms, but rooting ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.