The High Court on Thursday stayed a Bangladesh Bank order that removed NRB Commercial Bank Managing Director Dewan Mujibur Rahman from his post for misconduct and violation of rules. All concerned, including the central bank governor were asked to reply to the rule within four weeks. On December 5, Bangladesh Bank in an order removed NRB Commercial Bank Managing Director Dewan Mujibur Rahman for misconduct and violating the rules. Also read- Central bank orders removal of NRB Commercial Bank MDThe central bank’s decision was conveyed to him on Wednesday through a letter. Also read- NRBC Bank MD removed on 10 chargesEarlier, the central bank served a show-cause notice to him over 10 irregularities and violations of the banking law in issuing loans of Tk701 crore which the central bank believes went against the interests of the bank’s depositors.

Source: Dhaka Tribune December 07, 2017 17:15 UTC