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Muhith releases names of 100 top loan defaulters

  • Published at 11:10 pm July 10th, 2017
Muhith releases names of 100 top loan defaulters
Finance Minister AMA Muhith revealed a list of top 100 loan defaulters at the Jatiya Sangsad on Monday. According to Muhith, financial institutions in Bangladesh currently have defaulted Tk1,11,347cr. The spree of financial disclosure was a response to a query by MP Muhibur Rahman Manik. Loan-defaulter-Highres Minister Muhith named MEB Group, Jesmin Vegetables, Benetex Industries Ltd and Dhaka Trading House among scores more. The list was dominated by institutions mostly, with only two individuals – Emdadul Haque Bhuiyan and Mujibur Rahman Khan. The finance minister’s list also contained double entries for Bismillah Towels Ltd and Jamuna Agro Chemicals. MP Nazrul Islam Babu asked the finance minister what the government was doing to combat money laundering. Muhith replied saying that the Bangladesh Financial Intelligence Unit has issued directives to financial institutions to establish a strong system and identify their clients to prevent money laundering.
This story was first published in Bangla Tribune