According to the law, a maximum of 25 percent of the capital of the group of companies is supposed to be loaned, but illegally, Janata Bank gave a loan of Tk 10,000 crore to S Alam Group, which is 420 percent of the total capital of the company. Although the company is entitled to 578 crore Taka as its own capital, they have been given a loan of 9 thousand 711 crore Taka. Huge amount of loan was given against import but it was not repaid.

It is known that with the special approval of the Central Bank, the period is being extended year after year. The newly resigned Bangladesh Bank Governor Abdur Rauf Talukder decided to extend the loan period. However, since there is no more pressure, it has been decided not to provide this illegal facility. As a result, the whole has become a defaulted loan.

Recently, a review of Bangladesh Bank showed that if Janata Bank approves the loan renewal of S Alam Group, the total loan facility will be Tk 10 thousand 449 crores. Which is 451.57 percent of the capital of the bank. Janata Bank’s board of directors decided to extend the term of this loan on June 25 for new benefits. The group did not pay the customer’s loan debt on time even after taking such a huge loan. Forced debt has been created through repeated Payment Against Documents (PADs) due to payment of debts from banks. Forced loans have also turned into term loans through repeated rescheduling due to non-payment. Thus a large amount of funded debt has been created from non-funded. In this situation, there is no opportunity to renew the loan.

This information is known from related sources.