NRBC denounces ‘Inaccurate’ AGM coverage

Staff Reporter :

Following the publication of the news report titled “AGM sparks controversy” on 20 August 2025 in The New Nation, NRB Commercial Bank PLC (NRBC) has issued a rejoinder disputing its content.
In a statement signed by the Head of Communications Division, the bank described the report as “baseless and inaccurate,” alleging it was published without proper verification of the authenticity of scanned signatures attributed to sponsor shareholders. NRBC claimed that the alleged signatures were forged and digitally generated, and that the shareholders concerned had strongly denied any involvement.

The rejoinder also noted that one shareholder had highlighted misspellings of their name, misrepresentation of shareholding percentages, and the use of fraudulent digital signatures without consent. The bank urged the authorities to investigate the matter and take measures to prevent similar incidents in the future.

NRBC emphasised that its Annual General Meeting (AGM) is being conducted in full compliance with the regulatory frameworks of Bangladesh Bank, the Bangladesh Securities and Exchange Commission (BSEC), and other relevant authorities. The bank added that KPMG has been engaged to carry out a forensic audit to ensure transparency, accountability, and proper corporate governance.

The statement further asserted that the report had unnecessarily harmed the reputation of the chairman and board of directors, and requested that the rejoinder be published to present an accurate account of the facts.

Reporter’s Note:
The original report was based on information obtained from some shareholders and insiders. The Daily New Nation reiterates its commitment to balanced reporting and publishes the bank’s rejoinder in full, respecting its right to clarification. We are very sorry for this unintentional representation of the facts.