The Bangladesh Bank has dissolved the IFIC bank board, and formed a new one with four independent directors and two shareholders directors. The regulator issued a circular in this regard on Wednesday.
Former prime minister Sheikh Hasina’s private Industry and investment adviser Salman F Rhaman was the chairman of this bank. He is now imprisoned in many cases filed over various irregularities allegedly committed during the Hasina regime.
Salman’s son Ahmed Shayan Fazlur Rahman was the vice chairman of the bank, and he resigned from this position after the fall of Hasina regime.
The new board members of the IFIC bank are Md Mehmood Husain, former managing director of National Bank, which also a sick financial company; Ebadul Islam, former executive director of Bangladesh Bank, Sajjad Zahir, an economics professor at BRAC University; and Chartered Accountant Kazi Md Mahbub Kashem FCA.
The Bangladesh government has 32.75 per cent share in the IFIC bank. So another two directors have been appointed by the government as shareholders. They are – Md Golam Mustafa, additional secretary, and Md Monzorul Haque, joint secretary of the Finance Division.
