Farmers Bank hits controversy
Rubel Brothers and Apollo Multipurpose Agro Industries are loan defaulters of state-owned BASIC and Janata banks respectively and yet had no trouble getting fresh loans from the Farmers Bank.
The bank itself managed fake credit information bureau reports for the two clients to enable them to qualify for loans, Bangladesh Bank said in a report.
This is part of a long list of irregularities that the newly-established bank indulged in. The bad lending practices have now come out in the open after a central bank study.
