A major financial fraud has emerged at Rupali Bank, involving counterfeit bills for fish imports that cost the bank nearly 150 crore taka. Three companies, Premium Fish Export Limited, Bionic Seafood Export Limited, and SM Corporation, allegedly created fake bills, totaling around 190 crore taka, and sold them to the bank. The bank’s Shams Building branch in Khulna is at the center of the investigation. Two employees from the branch have been suspended.
These companies, long-standing clients of the bank, purchased bills after importing goods, tying up the bank’s funds. However, these funds were used to purchase counterfeit bills instead of legitimate imports, raising concerns about possible irregularities in the branch’s operations.
Additionally, another self-atonement incident involving around 160 crore taka occurred at Rupali Bank’s Jaynagar branch in Gopalganj, resulting in suspensions and the transfer of the branch manager. This financial scandal adds to the bank’s existing financial troubles, as its non-performing loans have doubled in three years. The central bank has granted an extension for the bank to maintain the required security reserves. Rupali Bank has yet to provide interest to its depositors, further complicating its financial situation. Efforts to reach Rupali Bank’s Chairman for comments have been unsuccessful.
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