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Dhaka Tribune

BB finds loan forgery of Tk500k in City Bank

Update : 04 Aug 2013, 02:59 AM

 Bangladesh Bank has allegedly found a loan forgery in the City Bank's Chowk Bazar Branch in Chittagong.

The central bank on July 30 wrote a letter to the bank, asking it to detect the fraud and inform BB within August 6.

A senior Bangladesh Bank official said recently the branch had approved a loan of Tk500,000 for its client Abu Taher. The loan agreement was signed by its staff Tahmidur Rahman. However, the borrower had not been informed about the loan.

Abu Taher filed a complaint with the central bank against the forgery. The City Bank recognised the incident and promised necessary steps would be taken against the forgery, as Bangladesh Bank summoned them for hearing.

"We have found the authenticity of the case of forgery, so we directed the bank to find out the fraud," said a senior executive of the central bank.

"The person involved in the incident is one of our agents. He has already been terminated," City Bank Managing Director and CEO K Mahmood Sattar told the Dhaka Tribune on August 3. "We have already apprised Bangladesh Bank of the action."

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