BB removes NRB Commercial Bank MD

Published: 06 Dec 2017 | Updated: 06 Dec 2017

Samakal Correspondent

Bangladesh Bank has removed NRB Commercial Bank’s Managing Director Dewan Mujibur Rahman over loan scams.  

A letter in this regard has been sent to him on Wednesday, said Suvangkar Saha, spokesperson and executive director of the central bank.

Bangladesh Bank removed NRB Commercial Bank’s MD in pursuance of section 46 (1) of the Bank Company Act.

Earlier, the central bank removed BASIC Bank Chairman Sheikh Abdul Hye Bachchu in the same procedure.     

The central bank sent a notice to Mujibur on March 20 referring his incapacity to perform responsibilities in protecting the interest of depositors. According to the notice, relevance of Muzibul was found in loan scams and irregularities involving TK 749 crore. 

The Banking Regulation and Policy Department of the central bank submitted a review report to a standing committee of the bank formed to look into the NRBC Bank case on July 17.  
The report suggested dissolution of the board and removal of the top executive according to the banking laws.

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