Islami Bank Chairman Khurshid Alam’s Appointment Revoked
Staff Correspondent
Khurshid Alam. Collected Photo
Bangladesh Bank has cancelled the appointment of Islami Bank Bangladesh PLC Chairman Khurshid Alam, along with all members of the bank’s board of directors. The central bank has appointed its Executive Director Mohammad Zahir Hossain as the new coordinator of the bank.
The decision was taken under Sections 45 and 47(3) of the Bank Company Act, 1991. Bangladesh Bank confirmed the move in a statement issued on Sunday.
The central bank said it made the decision in the interest of the bank company, depositors, and the public interest.