The Bangladesh Bank (BB) has taken decisive actions to stabilize the troubled Beximco Group, appointing Md Ruhul Amin as a receiver to protect stakeholders’ interests amid legal and financial scrutiny. This move follows the High Court’s directive after Beximco’s vice-chairman, Salman F Rahman, a former adviser to ex-Prime Minister Sheikh Hasina, was arrested and had his assets frozen by the Bangladesh Financial Intelligence Unit. With businesses spanning textiles, pharmaceuticals, and media, Beximco’s financial difficulties, including a defaulted Tk 19,000 crore loan, necessitated intervention to safeguard its 70,000 employees and creditor interests.
In related measures, BB has approved a forensic audit of the mobile financial service Nagad and plans to hire an international consulting firm to recover laundered funds from major financial hubs like the US, UK, and UAE. Governor Ahsan H Mansur, who chaired the bank’s board meeting, emphasized these steps as part of BB’s broader efforts to reinforce financial integrity in Bangladesh’s corporate landscape.