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Scam-hit bank chairmen get extension

The government has extended tenures of the chairmen of all six state-run banks including Sonali Bank reeling under a massive loan scam. Updates

bdnews24.com

bdnews24.com

Published : 05 Sep 2012, 09:16 AM

Updated : 05 Sep 2012, 09:16 AM

Dhaka, Sep 5 (bdnews24.com)—The government has extended tenures of the chairmen of all six state-run banks including Sonali Bank reeling under a massive loan scam.
The chairmen of Sonali, Rupali, Agrani, Janata, BASIC and Ansar-VDP banks were reappointed on Wednesday, according to a Bangladesh Bank circular.
"Quazi Baharul Islam will continue at the end of his tenure as chairman and the director of Sonali Bank until further orders," the circular of the central bank's Banks and Financial Institutions Division said.
Recently, the Bangladesh Bank proposed to the Ministry of Finance to sack the board of directors of Sonali Bank over the embezzlement of Tk 36.06 billion from the commercial bank. But Muhith criticised the central bank for making the suggestion.
The Parliamentary Standing Committee on the ministry also expressed its displeasure with the state-run banks and decided to investigate them.
It said it would look into the procedures through which the top ten loan-takers of Sonali, Janata, Agrani, Rupali and Basic Bank secured credit loans and their transactions.
Ahmed Al-Kabir of Rupali Bank, Khondoker Bazlul Hoque of Agrani Bank, Abul Barkat of Janata Bank and Sheikh Abdul Hye Bacchu, who chairs Basic Bank, would continue for another two years in office.
"The tenure of the current board of directors of the state-run banks expires on Sep 9. We will form the new boards within the next two-three days," Muhith told journalists at the Secretariat.
Responding to queries whether the new boards will have members from the old boards, he said, "Some will stay on, some will go."
At PKSF or Palli Karma Sahayak Foundation, the official microfinance regulator and lender, left-wing economist Qazi Kholiquzzaman Ahmad will continue for another two years.
bdnews24.com/rb/rn/jr/bd/1834h
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