The Governor of Bangladesh Bank, Md Mostaqur Rahman, has publicly refuted persistent allegations regarding his financial status as a loan defaulter. The central bank head clarified his commercial position during a post-budget press conference held on Friday at the Osmani Smriti Auditorium in Dhaka. The media briefing, organised following the formal presentation of the 2026–27 fiscal year national budget, included a high-level government panel consisting of ten ministers, state ministers, and financial advisors.
Addressing specific queries from journalists regarding the ongoing controversy, Governor Rahman detailed his past corporate activities. He stated that the financial obligations under public scrutiny were associated with an environmentally sustainable manufacturing plant that he previously managed.
Manufacturing Operations and Financial Breakdown
Governor Rahman maintained that his commercial enterprise operated continuously without experiencing closures or suspensions in its export activities. He noted that the business had never left labourers’ wages unpaid and had at no point sought or been granted any debt waivers or loan write-offs from commercial lenders.
The Governor provided a transparent breakdown of the corporate borrowing, explaining that the initial credit line amounted to Tk 1.5 billion (150 crore), which was originally secured at a commercial interest rate of 4 per cent. Over time, fluctuating macroeconomic conditions caused interest rates to rise significantly, eventually climbing to a range of between 9 per cent and 11 per cent.
The central bank chief acknowledged that the company encountered delays in its repayment schedule, citing the combined financial pressures of steep interest rate hikes and operational challenges brought about by the global COVID-19 pandemic. However, he confirmed that Tk 1 billion (100 crore) of the total principal debt has since been fully repaid.
Systemic Financial Capital Depletion
Turning his attention to the broader financial sector, Governor Rahman issued a warning regarding the structural integrity of the national banking apparatus. He disclosed that approximately one-third of the total monetary capital within the domestic banking framework has been stolen or illicitly siphoned off.
The Governor concluded that the misappropriation of such an extensive volume of national liquidity has created a major regulatory hurdle. He stressed that stabilizing the country’s disrupted banking infrastructure and preventing further capital flight would represent the primary challenges for the central bank moving into the next fiscal year.
Financial Summary of Governor’s Corporate Loan
| Loan Parameter | Verified Financial Status |
| Associated Venture | Environmentally friendly factory (uninterrupted exports) |
| Labour Relations | No outstanding or delayed employee salary payments |
| Original Loan Principal | Tk 1.5 billion (150 crore) |
| Initial Interest Rate | 4% |
| Peak Interest Rates | 9% to 11% |
| Documented Repayment | Tk 1 billion (100 crore) fully cleared |
| Debt Waivers Granted | None (Zero balance write-offs requested or utilized) |