People have right to know to whom banks are giving loans: HC
Dhaka, Dec. 1 -- In the full text of a verdict the High Court said since bank money is people's money, they have the right to know to which person or organisation the bank or the financial institution is giving public money.
Therefore, along with each loan sanction, the sanction letter of the loan giving institution has been instructed to be published on the website of the concerned financial institution to inform the public, the verdict also read.
The observation came into the full text of the verdict that ruled no bank or financial institution (FI) can file cheque dishonour cases against any person for defaulted loans.
Following an appeal petition filed over a cheque dishonor case of the BRAC Bank, the High Court bench of Justice Md ...
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