Senior lawyer Kamal-ul-Alam will head the 10-strong board as chairman while Mohammad Jalaluddin, former managing director of Ansar-VDP Unnayan Bank, will work as the PLFSL managing director. The judge decided to revive the company on Jun 28 after hearing a petition put forward by 201 depositors of the beleaguered lender. If decisions relating to People’s Leasing are delayed it will “cause further damage to depositors”, the petition said. The new managing director can reappoint officials who were not linked to OK Halder or other directors involved in the scam. The central bank governor will seek incentives from the government to revive the firm.

Source: bd News24 July 13, 2021 17:15 UTC