Dollar manipulation: BB served show-cause notices to 6 banks MDs
18 August 2022, 07:30 pm | Updated: 23 November 2024, 06:44 pm
Bangladesh Bank (BB) has send show cause notices to the managing directors (MDs) of six banks for their alleged involvement in dollar manipulation. The six banks are Dutch Bangla Bank, Southeast Bank, Prime Bank, City Bank, Brac Bank and Standard Chartered Bank.
Besides, investigation is going on against 12 other banks on the same allegation.
The BB took a week for examining the authenticity of the collected documents and then issued the show-cause notices on Wednesday.
According to a BB source, a dozen more banks have been brought under the investigation. For this, foreign exchange transaction information has been sought from all these banks.
Md Sirajul Islam, executive director and spokesperson of BB told UNB that action is being taken against the MDs of six banks due to their involvement in the dollar manipulation.
“Some other banks have been brought under investigation. Action will be taken against those banks if found guilty in the central bank investigation,” he said.
