Tk 19cr vanishes from Union Bank vault

Tk 19 crore has vanished from the vault of Gulshan Branch of Union Bank, a Shariah-based new generation bank.

A team of Bangladesh Bank unearthed the irregularity after an inspection in the bank’s branch on Monday.

According to central bank sources, an inspection team of Bangladesh Bank went to the branch on Monday and found that the branch should have remained a deposit of Tk 31 crore, but the inspection team found only Tk 12 crore in the vault.  There is a deficit of Tk 19 crore in the vault and the branch officials could not give any clear answer to the team about it.

Bangladesh Bank Executive Director and Spokesperson Md Serajul Islam said a team found a discrepancy in monetary amount in the branch’s vault. The central bank will take a legal action against it, he added.

According to sources, the bank authorities did not file any complain with the law enforcing agencies till Thursday morning.