Bangladesh Bank has announced its decision to dissolve the board of directors of Islami Bank, with plans to form a new board under the central bank’s supervision. The announcement was made by Bangladesh Bank Governor Dr. Ahsan H Mansur during a press conference on Wednesday.
The governor also revealed that the central bank is actively investigating the extent of S Alam’s shareholding in Islami Bank. Dr. Mansur stated, “All shares linked to S Alam will remain under government custody until the loans taken by S Alam are fully repaid.”
He further explained that while identifying shares held directly in S Alam’s name may be straightforward, uncovering shares held under proxy names will require more time. The Anti-Corruption Commission (ACC), the Financial Intelligence Unit (BFIU), and the CID will collaborate to recover the funds allegedly misappropriated by S Alam.
