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Jubok Commission calls for fresh applications

Staff Correspondent

The Jubok Commission has called for fresh applications from members of the Jubo Karmashangsthan Society (Jubok) who deposited money in any of its associate organisations.
In a circular on August 2, the commission said that the members, who did not apply to the probe committee headed by Mohammad Farashuddin in 2010, will be eligible to apply.
It also said the commission would only receive applications in the chart given in its website, www.jubokcommission.com, until August 26 [today].
Recently the Bangladesh Bank also warned commercial banks to remain alert so that Jubok and its associate organisations could not launder money abroad.
The circular of the BB issued on May 13 also suggested that the banks should be careful about any possible attempt by Jubok to launder money which was obtained by selling or transferring the assets of clients.
Jubok’s operations were suspended in 2006 on charge of involvement in illegal banking.
The government formed a probe committee headed by a former governor of the BB, Mohammad Farashuddin, in 2010.
The committee recommended formation of a permanent commission to ensure that the depositors got back their money from Jubok’s assets.
The government in May 2011 formed a five-member commission for two
years headed by Rafiqul Islam.
According to the commission’s report, Jubok has to pay Tk 2,147 crore to its 2.67 lakh clients but the process of paying the clients is yet to begin.

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