Amid allegations of irregularities in fund transfers within the Bangladesh Cricket Board (BCB), Youth and Sports Adviser Asif Mahmud Sajib Bhuiyan clarified the situation, assuring that actions were taken to secure better financial returns.
The Bangladesh Cricket Board (BCB) has come under scrutiny following reports of transferring Tk 2.5 billion across 14 banks between August and November. Media outlets had alleged that BCB President Faruk Ahmed individually shifted Tk 1.2 billion, a claim the board later dismissed as false through an official statement.
Addressing the issue on Saturday, Youth and Sports Adviser Asif Mahmud Sajib Bhuiyan spoke to reporters, stating, “I have discussed the matter with the BCB president and directors regarding the FDR (Fixed Deposit Receipts). Our ministry also maintains FDRs, many established 10 to 20 years ago, when interest rates ranged from 5 to 7 percent. These are sources of income used for operational expenses. BCB’s earlier FDRs had rates around 7-8 percent; now, they have secured 11-12 percent rates.”
Explaining the rationale behind the transfers, Asif Mahmud added, “The funds were moved from risk-prone banks that had received yellow alerts from Bangladesh Bank. Neither BCB nor any individual would wish to keep funds in unstable banks.”
He emphasized that compliance would be verified: “We will investigate whether BCB’s internal financial regulations were violated, whether the finance director’s opinion was sought, and whether there was any misuse of authority during the transfer process.”
The comments aim to ease public concern while affirming that the ministry will closely monitor the board’s financial practices.
LND/BG
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