s. According to a media report, Ananda Shipyard tactfully pretended itself to be an exporter and furnishing false statement on ship export took loan from bank and misused the bond facilities obtained from NBR for ship export . According a report of Banglanews24.com It has also been alleged that this enterprise, which got the ‘National Export Gold Medal’ in 2009, invested in a separate sector the money taken as loan from the bank without making repayment of it. These allegations against this group are being investigated by Bangladesh bank, Anti-corruption Commission, NBR and excise intelligence and inquiry department. Earlier, when the issue of Ananda Shipyard’s loan-corruption came up in separate report of Bangladesh Bank, the ACC took cognisance of it and decided to investigate into the matter. In its observation the central bank commented that the establishment has extremely abused the bank money. A recent data shows that Ananda Group took Tk 1,644.18 crore loans from 14 financial organisations including banks but it did not pay it back. The Bangladesh Bank reported that cash loan or funded liability of the said company is Tk 1,238.32 crore Group while its non-funded liability is estimated at Tk 405.86 crore. Financial Integrity and Customer Service of the central bank said the company owes to Islami Bank alone Tk 793.90 crore. Besides, Engineers Institute Branch of Mercantile Bank will get Tk 221.20 crore, Motijheel Branch of One Bank Tk 114.21 crore, Karwan Bazar Branch of AB Bank Tk 186.90 crore and BDBL Tk 23.94 crore from Ananda Group. Besides, Tk. 1.94 crore of BIFCL, Tk. 23.18 crore of PFIL, Tk. 11.75 crore of FFIL, TK.3,72 crore of IDLC, Tk 2.94 crore of NHFIL, Tk. 3.72 crore of HFCL, Tk 3 crore of PLFL are lying as outdated loan. The banks and financial institutions approved the loan without sufficient security. The central bank commented that there is no possibility for paying back loan as the organization severely misused the money. Earlier in April last, Anti-Corruption Commission (ACC) issued notice to Managing Director and CEO of seven banks and seven financial institutions asking them to submit loan documents before ACC. Ananda Shipyard took the loans from those banks and financial institutions as inspection report of Bangladesh Bank mentioned it ‘Irregularities’. Mir Joynul Abedin Shibli, Senior Deputy Director of ACC has been investigating the alleged loan forgery case made by the Ananda Shipyard. Not only loan forgery ACC is also investigating as to where the Ananda Shipyrad invests the rest of the money. It is alleged that Ananda Shipyard purchased land, buildings and flats at home and abroad with the loan money which they took from the banks and financial institutions for investing in ship building industries. ACC sources said the authority of Ananda Shipyard has purchased hundreds of acres of land at Bhaluka in Mymensing with the bank loan. A high-rise building is under construction in Gazipur owned by Ananada Shipyard and they also bought two flats in Singapore. A BB statement mentioned that without considering risk, those banks sanctioned loan in the name of Ananda Shipyard step by step. With the help of some dishonest officials of banks the company was able to take huge amount of loan without submitting enough security documents. Besides, Ananda Shipyard collected Tk 140 crore through floating private placement shares in the stock market ignoring banks and financial institutions. Bangladesh Securities and Exchange Commission did not give approval to Ananda Shipyard for floating IPO in the market. As a result, many investors of the stock market are facing uncertainty over getting back their invested money. Courtesy: banglanews24.com
Sunday, August 24, 2014
Ananda Group: A hub of irregularities:Daily Sun
s. According to a media report, Ananda Shipyard tactfully pretended itself to be an exporter and furnishing false statement on ship export took loan from bank and misused the bond facilities obtained from NBR for ship export . According a report of Banglanews24.com It has also been alleged that this enterprise, which got the ‘National Export Gold Medal’ in 2009, invested in a separate sector the money taken as loan from the bank without making repayment of it. These allegations against this group are being investigated by Bangladesh bank, Anti-corruption Commission, NBR and excise intelligence and inquiry department. Earlier, when the issue of Ananda Shipyard’s loan-corruption came up in separate report of Bangladesh Bank, the ACC took cognisance of it and decided to investigate into the matter. In its observation the central bank commented that the establishment has extremely abused the bank money. A recent data shows that Ananda Group took Tk 1,644.18 crore loans from 14 financial organisations including banks but it did not pay it back. The Bangladesh Bank reported that cash loan or funded liability of the said company is Tk 1,238.32 crore Group while its non-funded liability is estimated at Tk 405.86 crore. Financial Integrity and Customer Service of the central bank said the company owes to Islami Bank alone Tk 793.90 crore. Besides, Engineers Institute Branch of Mercantile Bank will get Tk 221.20 crore, Motijheel Branch of One Bank Tk 114.21 crore, Karwan Bazar Branch of AB Bank Tk 186.90 crore and BDBL Tk 23.94 crore from Ananda Group. Besides, Tk. 1.94 crore of BIFCL, Tk. 23.18 crore of PFIL, Tk. 11.75 crore of FFIL, TK.3,72 crore of IDLC, Tk 2.94 crore of NHFIL, Tk. 3.72 crore of HFCL, Tk 3 crore of PLFL are lying as outdated loan. The banks and financial institutions approved the loan without sufficient security. The central bank commented that there is no possibility for paying back loan as the organization severely misused the money. Earlier in April last, Anti-Corruption Commission (ACC) issued notice to Managing Director and CEO of seven banks and seven financial institutions asking them to submit loan documents before ACC. Ananda Shipyard took the loans from those banks and financial institutions as inspection report of Bangladesh Bank mentioned it ‘Irregularities’. Mir Joynul Abedin Shibli, Senior Deputy Director of ACC has been investigating the alleged loan forgery case made by the Ananda Shipyard. Not only loan forgery ACC is also investigating as to where the Ananda Shipyrad invests the rest of the money. It is alleged that Ananda Shipyard purchased land, buildings and flats at home and abroad with the loan money which they took from the banks and financial institutions for investing in ship building industries. ACC sources said the authority of Ananda Shipyard has purchased hundreds of acres of land at Bhaluka in Mymensing with the bank loan. A high-rise building is under construction in Gazipur owned by Ananada Shipyard and they also bought two flats in Singapore. A BB statement mentioned that without considering risk, those banks sanctioned loan in the name of Ananda Shipyard step by step. With the help of some dishonest officials of banks the company was able to take huge amount of loan without submitting enough security documents. Besides, Ananda Shipyard collected Tk 140 crore through floating private placement shares in the stock market ignoring banks and financial institutions. Bangladesh Securities and Exchange Commission did not give approval to Ananda Shipyard for floating IPO in the market. As a result, many investors of the stock market are facing uncertainty over getting back their invested money. Courtesy: banglanews24.com
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