BCB issues statement clarifying financial transactions and addressing allegations

The Bangladesh Cricket Board (BCB) has responded to recent media reports concerning its financial transactions, labelling the allegations as false and intentionally aimed at tarnishing the reputation of both the Board and its president, Faruque Ahmed.

In an official statement released on Saturday, the BCB clarified that the claims regarding financial irregularities were unfounded and misrepresented. The Board strongly refuted the allegations, emphasising its commitment to financial transparency and security.

"The Bangladesh Cricket Board (BCB) has expressed concern about some reports published in various national media regarding the Board's financial transactions. The BCB believes that the information presented in these reports is false and intentionally aimed at tarnishing the image of the Board and its president, Mr. Faruque Ahmed."

"The BCB reaffirms its commitment to transparency and accountability in all financial activities. In response to the recent allegations, the Board wants to clarify the following points for the general public and media professionals engaged in objective journalism:

"After taking office in August 2024, Mr. Faruque Ahmed identified the protection of the Board's financial interests as a top priority. This decision became particularly important in light of allegations of financial irregularities in previous years and the country's difficult economic situation following the July-August 2024 protests."

"As part of this initiative, the BCB reevaluated its banking relationships and strategically decided to work only with financial institutions classified as 'Green' and 'Yellow' by the Bangladesh Bank. Given the importance of financial security, the Board withdrew 250 crore taka from risky banks, of which 238 crore taka was reinvested in banks classified as Green and Yellow. The remaining 12 crore taka was transferred to an account designated for the Board's daily operations."

"It is important to note that the Board president does not make unilateral decisions regarding changes to banking partners or financial transactions. These decisions are made with the knowledge of the Board and are signed by two Board officials: Mr. Fahim Sinha, Chairman of the Finance Committee, and Mr. Mahbubul Anam, Chairman of the Tender and Procurement Committee. The BCB president is not a signatory to these matters."

"The BCB is also aware that a group of vested interests—active both inside and outside the cricket administration—are attempting to tarnish the Board and disrupt its efforts. For this reason, the BCB has strengthened the security of its funds and operations."

"Since September 2024, the BCB has entrusted the responsibility of its funds and fixed deposits to 13 reliable banks. This step has not only ensured financial security but also provided the opportunity to benefit from competitive interest rates. As a result, the BCB has earned 2-5% more interest from its fixed deposits compared to previous times."

"Additionally, in the last six months, the BCB has received nearly 12 crore taka in sponsorship from its current banking partners. Another 20 crore taka has been pledged for infrastructure development investments, demonstrating the depth and strength of these financial relationships."

"The BCB is committed to maintaining the highest standards of financial discipline and governance, and welcomes investigations based on credible and factual sources. At the same time, the Board requests the media to refrain from publishing baseless reports that could harm the reputation of Bangladesh cricket and those involved in its service."