Bangladesh central bank to wind down allegedly “corrupt” finance firm

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Bangladesh’s central bank is set to liquidate a medium-sized non-bank financial institution, which it alleges suffers from major internal malpractice, local media sources report.

Following a report provided to the government, the central bank has received approval to wind down People’s Leasing and Financial Services, local news outlet The Daily Star reports.

The central bank’s report found that PLFS has failed to repay depositors’ money, according to the outlet. The non-bank’s loans and net

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