Dhaka, June 10 -- The government has formed a high-powered committee headed by Bangladesh Bank (BB) to determine the actual liabilities of state-owned Bangladesh Services Limited (BSL) and resolve a long-running dispute with Agrani Bank PLC over a hotel renovation loan whose outstanding amount has ballooned to Tk 9.26 billion, officials said.

The decision followed a series of meetings convened by the Finance Division on April 29 and May 3, chaired by Additional Secretary (TDM and Macroeconomics) Hasan Khaled Foisal, according to official documents.

BSL, the owner of the state-run five-star InterContinental Dhaka, borrowed Tk 5.74 billion from Agrani Bank between 2015 and 2018 to finance extensive structural, electro-mechanical and inter...