Islami Bank Bangladesh Limited, is a very big private financial institution in Bangladesh which has been alleged to have links with the Islamic militants in the country.
In a recently conducted probe the central bank, Bangladesh Bank found the transactions had taken place between the militants and some branches of the bank. Bangladesh Bank has also issued a show cause notice against the bank under the money laundering law.
The Home Minstry of Bangladesh has also formed a three member investigation committee. The bank denies these allegations and says that it is neither involved in any militant activity nor has it financed militancy. The bank also blames the media for publishing misleading news.