5 more banks controlled by S Alam under threat

S Alam Group’s control over six banks, including Islami Bank, has put them at risk due to alleged money laundering and loan irregularities. These banks face deficits and struggle to meet central bank requirements. The former Bangladesh Bank governor provided special facilities to keep them operational, but these are now being curtailed following political changes. Experts call for an independent study to assess the banks’ actual situations. prothom alo