Bangladesh Bank, the country's central bank, has asked eight commercial banks which had business relations with First Solution UK, to submit recent transaction profile-reports of the company.
"We have asked the concerned banks to submit information about the positions of cover fund, non-resident taka accounts and guarantees with the money transfer company", a Bangladesh Bank senior official told AHN in Dhaka.
The company reportedly closed down all of its branches immediately after misappropriating funds remitted by the expatriate Bangladeshis.
News via AHN
Jul 3, 2007
Bangladesh Bank to investigate First Solution UK
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