Transparency International Bangladesh (TIB) yesterday expressed deep concern over the failure of Farmers Bank to give back the account holders' deposited money including Tk 508 crore of Bangladesh Climate Change Trust Fund (BCCTF).
In a release, TIB Executive Director Iftekharuzzaman called upon the Bangladesh Bank to take immediate and effective measures to secure the money.
Such failure is not only a matter of concern, but also a “danger signal” for the entire banking sector, he said.
In December last year, the Bangladesh Bank sacked Farmers Bank managing director AKM Shameem for his failure to protect the depositors' interests and manage liquidity.
The BCCTF, a government trust formed to tackle risks and adverse effects of climate change, deposited Tk 508.13 crore in the bank's Gulshan and Motijheel corporate branches in November and December last year.
