| Topic: |
Religions > Atheism |
| User: |
"Michael Gray" |
| Date: |
06 Apr 2006 10:56:12 PM |
| Object: |
News: Sharia-based lender on charges of violating laws. |
"Bangladesh targets militant cash
Bangladesh's central bank has fined the country's biggest Sharia-based
commercial lender on charges of violating anti-money laundering laws.
An investigation by the Bangladesh Bank found the Islami Bank guilty
of carrying out suspicious transactions.
It was fined 100,000 taka, ($1400; £800), the highest fine under
Bangladesh's anti-money laundering act.
The central bank discovered that Islami Bank branches were used to
telegraph funds to suspected Islamist militants.
Corruption
The chief executive officer of the Islami Bank, Abdur Rakib, denied
that it was involved in terror financing.
But he admitted that some of his bank officials had failed to follow
the provisions of the anti-money laundering act.
Mr Rakib told the BBC that the Islami Bank had already initiated
action against the officials who had violated the law and said it
would abide by the central bank order.
The Bangladesh government has been trying to crack down on Islamic
extremism in the country by eliminating the sources of funding used by
militants.
Many of them have been fighting for the introduction of Sharia law in
Bangladesh.
A series of bomb attacks in recent months have killed at least 30
people and wounded 150.
Last year anti-corruption watchdog Transparency International ranked
Bangladesh as the most corrupt country on earth."
http://news.bbc.co.uk/2/hi/business/4880654.stm
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