Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Employee protest over overtime and training
Employees reportedly protested over alleged unpaid overtime and inadequate training and management support. The dispute was reported as eventually resolved.
2021
Alleged misappropriation of bank funds
The Anti-Corruption Commission filed a case against former managing director Mamun-Ur-Rashid and other officials over alleged misappropriation of 40 million taka from Standard Bank. A court reportedly sent the former managing director to jail in 2022 in connection with the case.
2021
Employee allegations concerning labor practices
Employees reportedly complained to Bangladesh Bank about alleged unpaid overtime and discrimination involving pregnant employees and women with young children. The reported regulatory investigation does not itself establish that the allegations were proven.