Sunday , 5 December 2021
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JB CSR suspended as FM’s request for money refused:Barakat
Finance Minister Abul Maal Abdul Muhith sent a letter to Janata Bank Limited (JBL) seeking money for a boat race competition at haor in Sunamganj. The JBL’s CSR (corporate social responsibility) activities were suspended for the refusal of paying the money, alleged JBL chairman Prof Dr Abul Barakat.He made the allegation while speaking at the foundation-stone laying ceremony of Janata Bank-BIRDEM Ibrahim Nursing College building at Balur Math area, South Basabo in the capital on Monday.

Referring to the alleged irregularities and corruption in the JBL CSR activities, Prof Barakat said the addresses along with cellphone numbers of all who have received financial assistance under the CSR would be disclosed before journalists soon. Instant action would be taken if anyone of them denies of not receiving the money, he said.

The JBL chairman said: “Today (Monday) is the 8th September. The tenure of my chairman post is officially going to be ended. I hope that the restriction imposed on the CSR activities will be withdrawn in a week.”

Earlier, Prof Dr Abul Barakat along with Bangladesh Diabetic Association president Prof Dr AK Azad Khan jointly laid the foundation-stone of the new college.

On August 28 last, the Ministry of Finance (MoF) issued an order asking the chief executive officers and managing directors of Janata Bank Ltd, Agrani Bank Ltd, Rupali Bank Ltd and Bangladesh Development Bank Ltd to stop their CSR activities.

“It came to our notice that the boards of directors of some SoCBs have been spending a significant amount of money in the name of CSR activities. It is casting a negative impact on capital adequacy and overall provisioning of the banks,” the directive said asking for suspension of spending money on CSR activities.

In another directive, the MoF asked Janata Bank Ltd to put on hold the amount of money allocated in the name of CSR in a board meeting held on August 25 last.

“We came to know that the board meeting on August 25 allocated a large amount of money for CSR activities. Please hold up the decision and send detailed information to this ministry regarding the money allocation process,” the order, signed by deputy secretary of Banks and Financial Institutions Division (BFID) Rizwanul Huda, stated.

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