National Bank, the first private bank established by Bangladeshi entrepreneurs in the country, is owned by the Sikder family. According to the latest annual report of the bank, the six directors from the Sikder family are Zainul Haque Sikder, chairman of Sikder Group, his wife Monowara Sikder, daughter Parveen Haque Sikder, sons Rick Haque Sikder and Ron Haque Sikder, and nephew Jonas Sikder Khan. After the loan was not sanctioned, Rick Haque Sikder and Ron Haque Sikder reportedly shot the MD of Exim Bank and tortured two other officers. The Bank Company (amendment) Act 2013 allows no more than four members of a family on the board of a bank. “However, the bank company act stipulates that a maximum of four family members are allowed on a bank's board, which is irrational.

Source: Dhaka Tribune May 30, 2020 16:18 UTC