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Bangladesh Politics

Janata Bank Launches Probe into Top 8 Loan Defaulters Linked to Political Elites

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1Nojor Desk
  • 12 Jul 25
  • 04:47 PM

State-owned Janata Bank has initiated a special audit of its eight largest loan defaulters, including Beximco, S. Alam, Orion, and others, allegedly tied to former Prime Minister Sheikh Hasina’s close associates. These entities defaulted on over Tk 70,000 crore, amounting to 75% of the bank’s total loans. The Bangladesh Bank-ordered audit aims to identify irregularities and hold executives accountable. The bank reported a record Tk 3,066 crore loss in 2024, with no dividends declared amid growing concerns over financial mismanagement and political influence.

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Amar Desh 12 Jul 25

Special Investigation Begins Against Top 8 Loan Defaulters of Janata Bank

A special investigation has been launched against the top eight loan defaulters of the state-owned Janata Bank, following a directive from Bangladesh Bank. The bank itself is conducting the investigation. The list includes companies known to be associated with fugitive former Prime Minister Sheikh Hasina's close allies — namely Beximco, S. Alam, Orion, Bashundhara, Thermex, Bismillah, Crescent, and Ranka. These groups allegedly used political influence to loot thousands of crores of taka in the name of loans. Currently, about 75% of Janata Bank’s total loans have turned into non-performing loans (NPLs).

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