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United News of India
26-04-2025
- Business
- United News of India
BCB issues clarification on withdrawal of Tk 250 crores
Dhaka, Apr 26 (UNI) The Bangladesh Cricket Board (BCB) on Saturday issued a clarification on some financial transactions done since the change in leadership, claiming these transactions were done to 'strengthen' the safety of BCB's funds to safeguard the organisation from 'vested quarters'. The board issued this clarification after some reports in media claimed there have been some irregularities in financial transactions since Faruque Ahmed took over as the BCB president, the Daily Star reported. "Upon assuming the role of BCB President in August 2024, Faruque Ahmed identified the safeguarding of the Board's financial interests as a top priority, especially in the context of allegations of financial irregularities in previous years and the difficult economic period the country was experiencing in the months following the mass uprising of July–August 2024," said BCB in a press release. BCB said in order to ensure security of the board's funds, the board took a "strategic decision" to withdraw Tk 250 crore from banks which were categorised as risky by the Bangladesh Bank and reinvested majority of it in banks which were categorised in the Green and Yellow Zones. "Considering the paramount importance attached to ensuring security, the BCB withdrew BDT 250 crore from banks considered risky and reinvested BDT 238 crore of it in Green and Yellow Zone banks. The remaining BDT 12 crore was transferred to a designated account to facilitate BCB's operational expenses. "The BCB is also aware that disruptive elements and a vested quarter, both outside and within the cricket administration, remain active with the sole intention of maligning the Board and undermining its efforts. This was another pertinent reason to strengthen the security and safety of BCB's funds and operations. "Since September 2024, the BCB has entrusted 13 such banks with the responsibility of holding its funds and fixed deposits. This move not only ensured the security of the Board's finances but also allowed the BCB to leverage partnerships that offered the most competitive interest rates. As a result of this strategy, the BCB has realised an increase of 2–5 percent in interest earnings from its fixed deposits compared to previous periods." UNI BM
Express Tribune
21-03-2025
- Sport
- Express Tribune
Pakistan to tour Bangladesh for white-ball series in July
The Pakistan men's cricket team will tour Bangladesh for a white-ball series in July outside the ICC Future Tours Programme (FTP), according to reports. The Pakistan Cricket Board (PCB) and Bangladesh Cricket Board (BCB) have finalised the arrangement, with schedule and venue details to be announced later. The development follows discussions between PCB Chairman Mohsin Naqvi and BCB President Faruque Ahmed during Ahmed's recent visit to Dubai amid the ongoing ICC Champions Trophy. Bangladesh is already scheduled to tour Pakistan in May for a three-match ODI and three-match T20I series under the FTP. BCB Cricket Operations Head Shahriar Nafees previously stated that both boards were in positive discussions regarding an additional white-ball series in July. Bangladesh's upcoming commitments include a two-Test series against Zimbabwe in April, a home series against Sri Lanka in June-July, and a series against India in August-September. The team will also compete in the Asia Cup in September before hosting the West Indies and Ireland later in the year.
