Dhaka, April 26 -- The Bangladesh Cricket Board (BCB) has strongly denied allegations of financial irregularities following media reports questioning its recent banking transactions.

In a statement issued on Saturday, the BCB described the recent reports as "misinformed" and "intentionally constructed" to tarnish the image of the Board and its President, Faruque Ahmed.

The BCB said that upon taking charge in August 2024, Faruque prioritized safeguarding the financial assets of the board.

Following a reassessment, the BCB withdrew BDT 250 crore from banks considered risky and reinvested BDT 238 crore into institutions categorized in the "Green" and "Yellow" zones by Bangladesh Bank.

The remaining BDT 12 crore was kept for operational e...