Mercantile Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
2021
Director removed over alleged irregular lending
Bangladesh Bank removed AKM Shaheed Reza after investigations reportedly connected him with irregular loans involving PK Halder.
2020
Director removed over alleged money laundering
Bangladesh Bank removed director Md Shahidul Ahsan over allegations of money-laundering involvement.
2018
Export cash-incentive rule violations
A Bangladesh Bank investigation reportedly found that Mercantile Bank violated rules relating to export cash incentives.
2018
Anti-Corruption Commission loan case
The Anti-Corruption Commission sued four directors over alleged assistance in arranging a loan for Patrick Fashions and Kazi Farhad Hossain using government property as collateral. No final outcome is stated in the supplied material.
2013
Alleged illegal transaction involving a director
Bangladesh Bank reportedly found that director Md Shahabuddin Alam was involved in an alleged illegal transaction involving subsidiaries of SA Group of Industries. The supplied source does not provide the final legal disposition.