Islami Bank rejecting cheques of ‘suspicious companies’

After the fall of the government, private sector Islami bank has prevented withdrawal of Tk 2000 crore through cheques of different “suspicious companies.”

On Tuesday and Wednesday, Islami Bank PLC blocked withdrawal of this amount.

On Tuesday, the bank blocked the withdrawal of Tk 900 crore in one day. Two companies - Golden Star and Top Ten Trading House - were trying to withdraw this money.

On Wednesday, the bank also rejected cheques of different companies of S Alam Group for withdrawal of Tk 1100 crore.

A top official of the bank said both the institutions are related to the bank’s owners. And they have prevented the withdrawal of money due to the change of government.

The “deprived” officials of the bank have been demanding the resignation of the beneficiary officials as well as the removal of the officials who joined in the last seven years. At one stage they created pressure on the bank’s Additional Managing Director (AMD) Muhammad Qaisar Ali to resign.

Later he submitted resignation to MD and left the bank with the help of the army.