Bangladesh Bank has removed the Chairman of One Bank Limited, Sayeed Hossain Chowdhury from the board for defaulting loan.
A letter regarding this matter was handed over to One Bank by the Central Bank this month.
The removal was done according to the power of bank company act for defaulting loan of the company.
Excutive director of Bangladesh Bank Sirajul Islam confirmed matter to The Business Post. Syed hossain chairman of one bank is loan defaulter and he will not be the chairman of the bank for next three years, Sirajul said.
Sayeed Hossain Chowdhury has over Tk121 crore default loan to Standard Bank. He is also the chairman of the HRC group.
The removal will be applicable from October 15, 2019, the day he appealed to the High Court seeking stay order for not being a defaulter.
