The central bank instruction came up in a meeting with the BLFCA delegation led by its Chairman Mominul Islam at the BB’s headquarters in Motijheel. BB Deputy Governor Kazi Sayedur Rahman presided over the meeting, which was attended by BB Executive Director Mohd Humayun Kabir and other officials. “We called upon the central bank to reconstruct those NBFIs.”This prompted the BB to seek a proposal for an action plan from the delegation. Meanwhile, the central bank on February 15 formed a five-member committee to investigate the irregularities in the NBFIs. The central bank step comes after allegations surfaced of BB Executive Director Md.

Source: Dhaka Tribune February 17, 2021 18:56 UTC