Four senior officials of Bangladesh Bank (BB) resigned on Monday following allegations of transferring $30 million from the Export Development Fund (EDF) to Salman F Rahman, owner of Beximco Group. The officials who resigned are Deputy Governors Kazi Sayedur Rahman and Khurshid Alam, Bangladesh Financial Intelligence Unit (BFIU) Chief Masud Biswas, and Central Bank Policy Adviser Abu Farah Md Nasser.
The resignations came after Mohiuddin Rony, a coordinator of the anti-discrimination student movement, issued an ultimatum on behalf of the students, demanding that the officials step down by 1:00 PM the same day. The students accused these officials of illegally facilitating the transfer of $30 million from the EDF on August 4.
Responding to the ultimatum, the officials submitted their resignation letters to the Financial Institution Division (FID) secretary by noon. The Deputy Governors and BFIU Chief submitted their resignations directly to the FID, while the Policy Adviser resigned through the Central Bank Governor.
Mohiuddin Rony, speaking on behalf of the students, accused Salman F Rahman of stealing $30 million from the EDF fund, warning that if such individuals and their allies remain in power, state funds would continue to be looted, potentially leading to further instability in the country.
