Mehedi Hasan/Dhaka TribuneHe was banned for two years from June 21 last year owing to several irregularities and corruptionBangladesh Bank yesterday dismissed the application of former NRB Commercial Bank chairman Farasath Ali to return to the post of directorship. The decision came at the 441st meeting of the central bank board that was presided over by Bangladesh Bank Governor Fazle Kabir. Ali has applied to the central bank for lifting the ban before the completion of two years. “He did not fulfill the condition set by the central bank,” said a high official of BB. Also at the meeting, a special refinancing scheme of Tk1,000 crore has been formulated by the BB to modernise the existing cinema halls.

Source: Dhaka Tribune January 26, 2021 18:56 UTC