Bangladesh Auditors to Probe Alleged Irregularities in Six Banks

Auditors will examine at least six banks as Bangladesh’s interim government suspects irregularities to have happened in the lenders, according to a statement from the chief adviser’s office.

• Government estimates as much as 1t taka ($8.4b) may have been embezzled or sent overseas illegally through the banking sector
• As part of reforms, the central bank reconstituted the boards of Islami Bank, Social Islami Bank, National Bank, United Commercial Bank, Global Islami Bank and Union Bank

To contact the reporter on this story:
Arun Devnath in Dhaka at adevnath@bloomberg.net

To contact the editor responsible for this story:
Khalid Qayum at kqayum@bloomberg.net ...