Rejoinder, our reply

Al-Arafah Islami Bank has sent a rejoinder to a report titled “Central bank upholds fine on Al-Arafah Islami Bank” in The Business Post on April 4.

The rejoinder, signed by the bank’s Senior Vice President and Head of PR Jalal Ahmed, reads, “The report titled “Central Bank upholds fine on Al-Arafah Islami Bank, published in the Front page of your paper today (0410412023) has come to our notice and we are utterly shocked. The news is totally false, fabricated and baseless which seems purposeful and far-reaching. We express our surprise and strongly condemn and protest to the news published.

“The actual fact is, Bangladesh Bank has not sought any explanations or fine from the Managing Director of Al-Arafah Islami Bank Ltd. on August last year over US Dollar price manipulation. So, there is no question for the Bank to apply to the Central Bank for waiver of fine.”

“Your newspaper has published a false news which appears very alarming and undeserved. It looks like the news was prepared based on perceptions, instead of facts. We strongly protest such news published on your newspaper. We hope The Business Post will use authentic and credible information while publishing any news in future.”

OUR REPLY

The Business Post ran this report based on Bangladesh Bank documents, which were placed and discussed at the 427th meeting of the central bank’s Board of Directors on April 2. The Business Post has obtained a copy of the meeting’s agenda, which was backed by a senior official of the central bank.

We, therefore, stand by our report.