IMF opposes return of S Alam syndicate

• A senior official of the ministry told UNB on Tuesday in anonymity that the IMF has expressed strong reservations regarding Section 18(A) of the Bank Company Act—a controversial provision incorporated into the legislation that creates a legal window to return the ownership of forced-merged or restructured banks back to their previous owners like S Alam. The multilateral lender views this clause as a masked loophole that compromises structural governance and weakens accountability within the financial sector.

https://www.newagebd.net/post/mis/303784/imf-opposes-return-of-s-alam-syndicate