STAR BUSINESS REPORT

The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders.

Additionally, the central bank decided in principle to hire a consulting firm to recover money laundered abroad, particularly from destinations such as the UK, the US, Singapore and the UAE.

It also provided clearance for a forensic audit into Nagad, a much-discussed mobile financial service provider that is yet to obtain any licence.

A forensic audit is an examination and evaluation of a firm’s or individual’s financial records, through which evidence is derived to be used in a court of law or legal proceeding.

The decisions came at a meeting of the central bank’s board, chaired by Governor Ahsan H Mansur.

The central bank decided to appoint Md Ruhul Amin, an executive director of the BB, as the receiver of Beximco Group, which landed in hot water following the arrest of its vice-chairman Salman F Rahman, who served as private sector adviser to ousted Prime Minister Sheikh Hasina.

Rahman was a trusted adviser of Hasina, who fled Bangladesh in the face of a mass uprising on August 5.