“The Bangladesh Bank found a big imbalance in the financial report of Uttara Finance,” its spokesperson Md. But SM Shamsul Arefin, managing director and chief executive officer of Uttara Finance, told Dhaka Tribune that the NBFI has sent its response on January 5. The NBFI provided another Tk 248 crore to its subsidiary company, Uttara Finance and Capital Management, as a margin loan without approval. However, Uttara Finance did not take any money against the TDR and there were no valid vouchers against the TDR. However, Matiur Rahman, chairman of Uttara Motors and a director of Uttara Finance, denied the issue.

Source: Dhaka Tribune January 09, 2021 19:41 UTC