Loans from Janata, NBL: S Alam, Nassa got Tk 2,544cr waiver in breach of rules

S Alam Group and Nassa Group, led by individuals close to former PM Sheikh Hasina, received interest waivers totaling Tk 2,544 crore from National Bank and Janata Bank, bypassing banking rules. The central bank provided no-objection certificates for these waivers, which violated regulations on interest forgiveness. This highlights the influence of oligarchs on Bangladesh’s banking sector during the previous government’s tenure, raising concerns about governance and fairness in the industry.