Red Flags
4
Salman F. Rahman
Salman F. Rahman’s Beximco Group is mired in financial scandals, fraud, and stock market manipulation. His history of unpaid loans and corporate deception continues to plague Bangladesh’s economy.
Quick summary on Salman F. Rahman
Salman F. Rahman, vice chairman of Beximco Group and advisor to the Awami League, faces serious allegations of fraud, loan default, and financial deception. Accused of securing fraudulent bank loans worth Tk 108 crore using fake land documents, his legal troubles highlight the deep-rooted corruption within Beximco and its financial dealings.
Decades of Financial Misconduct and Loan Defaults: Beximco is one of Bangladesh’s worst loan defaulters, owing thousands of crores in unpaid loans. Salman Rahman and his associates have repeatedly manipulated financial institutions, contributing to the country’s default culture. In the 1990s, he and his brother were forced to resign from bank boards after being linked to massive fraudulent withdrawals.
Stock Market Manipulation and Questionable Business Practices: Beximco has been repeatedly accused of market fraud, including its involvement in the 1996 stock market scam. Investigations have revealed suspicious trading activities, raising concerns over insider dealings and price manipulation.
Conflict with the Press and Baseless Accusations: In an attempt to deflect attention, Salman Rahman has baselessly accused media outlets like Prothom Alo and The Daily Star of conspiring against Beximco. However, these publications have consistently backed their reports with evidence, exposing Beximco’s financial irregularities and manipulations.
Intel Reports
by: Andrew Hayes
How is this man still in charge? Every time I hear about him, it’s another fraud or scam. People like him are ruining the economy.
Cons
by: Penelope Ramirez
People like Salman Rahman just destroy businesses with their greed. He’s been getting away with it for years, and I’m sick of hearing about it.
Cons
by: Eleanor Morris
Rahman doesn’t seem to care about anything but lining his pockets. The loan fraud, market manipulation..it’s all just business as usual for him
by: Skylar Foster
Seems like no one can trust Rahman and Beximco. All the fraud and lies he’s been part of is just unbelievable.
Cons
by: Jason Sanders
Rahman’s track record is terrible. Every time you look, there’s another shady deal or loan default. He’s got a pattern, and it’s not a good one.