Tk 92,261 crore embezzled in 24 banking scams in last 15 years: CPD

The Centre for Policy Dialogue (CPD) reports that Tk 92,261 crore was embezzled in 24 major banking scams from 2008 to 2023 in Bangladesh. This amount equals 12% of the 2023-24 national budget or 2% of the 2022-23 GDP. The CPD highlighted the banking sector’s vulnerability, high loan defaults, and decline of previously good banks due to hostile takeovers. This report comes as a new interim government led by Muhammad Yunus takes over following Sheikh Hasina’s exit. Daily Star