Sports adviser Asif Mahmud Shojib Bhuyain has said that while the Bangladesh Cricket Board’s (BCB) decision to move funds from risky banks was "good," but the Ministry of Youth and Sports will still review whether all rules and procedures were properly followed.

"I have spoken with the BCB. Fixed Deposit Receipts (FDR) are a source of income. Previously, the BCB’s FDR rates were lower; now, where the funds have been placed, the rate is around 11–12%. Therefore, the money has been moved away from risky banks," Asif said on Saturday.

"We will review whether any rules have been violated," he added, making it clear that the ministry will look into the transactions even though it broadly supports the BCB’s actions.

His remarks come amid recent scrutiny over financial transactions made by the BCB after Faruque Ahmed assumed the board presidency in August 2024.

The BCB clarified that Tk250 crore was withdrawn from banks classified as risky by the Bangladesh Bank and reinvested mostly in banks placed in the safer Green and Yellow Zones.

While the BCB defended the move as necessary for safeguarding its assets, Asif’s comments indicate that the Sports Ministry is keeping a close watch to ensure transparency and compliance.