The central bank has dissolved the board of directors of private sector Export Import Bank of Bangladesh PLC or Exim Bank. At the same time, a new board of directors has been formed by appointing 5 directors including three shareholders.
On Thursday (August 29), Bangladesh Bank dissolved the bank's board in an order.
In the order sent to the managing director of Exim Bank, it is said that the board of directors of the bank has been dissolved and a new board has been formed to protect the interests of the depositors and the bank and to ensure good governance.
A new independent director has been appointed in the same order.
Exim Bank was freed from the hands of BAB Chairman Nazrul Islam Majumdar through this.
So far Nazrul Islam Majumder was the chairman of Exim Bank and his wife Nachreen Islam was the director.
The bank's shareholder Md. has become a director in the new board. Nazrul Islam Swapan, Md. Nurul Amin, Anjan Kumar Saha and former executive director of Bangladesh Bank SM Rezaul Karim and chartered accountant Khandkar Mamun have been appointed as independent directors. Among the directors included in the new board, three shareholders were previously directors of the bank.
Nazrul Islam Majumdar was the chairman of the bank since 2007. At the same time, he has been in charge of the president of Bangladesh Association of Banks (BAB), an organization of bank entrepreneurs for almost a decade and a half.
Nazrul Islam Mazumder is the Chairman of NASA Group. He is known as a close businessman of former prime minister Sheikh Hasina. In the last 15 years, he was in discussion because he had collected subscriptions from the banks and handed them over to Sheikh Hasina. He was playing a role in changing the bank company law and increasing the benefits of the entrepreneurs at various times. BAB organized the last competition called 'Sheikh Hasina Interbank Football Tournament'.
Sheikh Hasina left the country after resigning from the post of Prime Minister on August 5 in the face of the unforgettable coup of the students. Through this, 16 consecutive years of Awami League's unprecedented misrule and arbitrariness came to an end. Nazrul Islam Majumdar has been covered since the fall of the government.
Recently, Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank has seized the bank accounts of Nazrul Islam Majumdar and his wife Nachreen Islam. All transactions through the personal and business accounts of those whose accounts have been frozen will be suspended. For the next 30 days, you will not be able to make any kind of transaction. If necessary, this period of suspending the transaction will be extended. Due to account suspension they will not be able to withdraw any money from now on.
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