BDT 340 million

AB Bank's private sector has been laundering money through offshore unit. Offshore 4 million to 5 million units in the fourth foreign company 40 thousand dollars (BDT 340 million) has been taken out.

These loans were taken for that purpose, it was used by neither. Loan money has been siphoned off as another. With the name of a former minister said. Singapore and the United Arab Emirates have been laundering money. Bangladesh Bank sources said.

The four institutions of the United Arab Emirates, ME Global General Trading and semata City General Trading Singapore Pte Ltd and iurokarasa etijeda Communications Holdings Pte Limited. Former Foreign Minister Morshed Khan, one of the beneficiaries of the loans owned by Pacific Motors. He is a former chairman of AB Bank.

Money figures in the country's banking sector, offshore banking units before the big event, although large-scale fraud. Offshore banking is the banking of the bank within the individual. Foreign companies have the opportunity to collect deposits from foreign sources, loans and offshore banking. Offshore banking accounts in foreign currency instead of local currency. Bank rules and regulations does not apply to offshore banking. Was added to the profit and loss account of the bank as the original.

The issue of money laundering through offshore banking world now being widely discussed. "Panama Papers" in the money laundering case has been leaked, it was mainly through offshore banking. Known worldwide discussion. Bangladesh also reported incidents of money laundering was the same way.

Bangladesh Bank officials, offshore banking units without credit being given to foreign firms. The company is debt did not have their existence, to see whether there is any action. The company has facilities in the paper due to the Bangladeshis. Offshore banking is chosen as the new technique means the plunge.

These irregularities after they came out to visit Bangladesh Bank in May 31 AB Bank have been instructed to return the money. If you do not return the money by June 30 in order to ksatijanaka means the central bank defaulters. Bangladesh Bank has received instructions from April 17 AB Bank in this regard.

The four companies were given credit facilities worth nearly 450 million. 340 crore has been siphoned off in the central bank's inspection team has identified. Have been instructed to return the money.

AB Bank spoke out on the issue from the first light of the questions are written. The written statement from the bank, AB Bank Offshore Banking Unit on the instructions of the Central Bank is aware of. We're reviewing the matter. AB Bank has taken appropriate measures to recover these loans. "

When contacted, Bangladesh Bank Deputy Governor Abu Hena Mohd. Hassan agreed to the first light, a number of banks have been instructed to AB after irregularities. Has been fixed at the time. Instructions will be taken if they do not comply within the specified period.

Fake orders Loans: Offshore Banking Unit simata City general trading company from the United Arab Emirates two million dollars to 95 million (236 million) credit facilities are offered. Nepal Private Limited bituminous road construction firm ketiena energy supply orders biparitei loan is paid. 015 from June 9 to December 9 at the time the loan is disbursed. But the loan did not pay any installment. The bitumen has not been provided, there is no record on the bank.

AB Bank said the central bank in this regard, the team seems to have been a fake orders. Bangladeshi interest loan has been transferred to an institution. The loan recovery was unlikely.

The beneficiary Morshed Khan: Offshore Units Holdings Pte Ltd in Singapore iurokarasa 1 million to 48 million dollars (118 million to 40 million) credit facilities are offered. The company's paid-up capital of only 3 million Singapore dollars. Manjuripatre loans are referred to, Bangladeshi buyer Millennium Distribution, Millennium Motors Millennium Chang Yong Motors, Hyundai Motors Bangladesh Limited and Messrs Messrs Pacific motarasake motor vehicles and parts, as well as the supply of capital for the loan was granted. Former Foreign Minister Morshed Khan-owned Pacific Motors. His organization to rest. Morshed Khan is currently out of the country.

According to Bangladesh Bank, but on the contrary, the goods did not open letters of credit. He has been open only a 0 million dollar bond. There is no estimate for the rest of the money to the bank. The whole loans has now expired. In fact, before the product has been sent arthabikreta organization. The loan money has been transferred as the Bangladeshi interests of any person or organization. Loan recovery was unlikely.

Fake transactions: The company Career Level Three Communications Limited buy orders against the Singapore Pte Ltd etijeda 1 million dollars (80 million) credit facilities are offered. 014 Communications etijeda Singapore began operations on May 7. Offshore units from the company was disbursed in the same year on May 8. The company has been established for the loan within a short time, according to the bank.

It is learned that, mainly toys and games are sold in Singapore etijeda Communications. Three Bangladeshi level of the ISP service provider and carrier. As a result, there is no need to purchase any kind between the two organizations.

Three-Level Marketing and Communications Manager on behalf of the carrier Zaman said first light, with Singapore etijeda Communications does not sell any of them.

The central bank's report, there is serious doubt about the level of the company's three career. In addition, the use of fake money orders and credit loans due to lack of information about the interests of any person or organization behind the country as money has been transferred. This means there is little chance of recovery.

To pay the debt in other countries: the United Arab Emirates Global Bank Offshore Banking Unit ME-General trading business activities to raise 15 million dollars or 1 billion loan is paid. Rahimafrooz Global Ltd has 49 percent of the company shares. The Mumbai branch of AB Bank loan amount is transferred to the battery as Rahimafrooz, which is a combination of Rahimafrooz battery in India loan liability.

015 loan period expires on March 5. Do not pay any of the installments of the loan within the period of the loan period is extended by one more year. AB Bank, the central bank said in the letter, but with the approval of the loan paid byayanirbahera Rahimafrooz battery operating as money transfer has become a liability adjustment. The loan was negligence under the supervision of banks.

When contacted, Munawar M Moin first light Rahimafrooz Group director, said: "India is both our branch and subsidiary. There is no problem to take the meaning of the Companies Act of India. AB Bank, we've increased some time after taking loans from the offshore unit. Now the question is, if we are climbing faster will pay. "