If Bangladesh Bank advises, the board of directors of BASIC Bank will be dissolved, said Finance Minister AMA Muhith.
On Grameen Bank, the minister said the central bank will be independent and free of government’s meddling in administering board election.
He was speaking to the journalists after returning home from Washington DC. Muhith said actions will be taken against BASIC Bank management as soon as the central bank sends any recommendation in this regard.
He cited BASIC Bank board already suspended six senior officials of the bank over the loan scam.
“The bank’s board of directors will also be dissolved if Bangladesh Bank makes any such recommendation as it did in the case of state-owned Sonali Bank.”
“After the central bank recommendation, we dissolved Sonali Bank board over loan forgeries. We also do the same in case of BASIC Bank if the central bank recommends us.”
The minister alleged Dr Yunus, founder of Grameen Bank, arbitrarily appointed directors, but “the new rules will introduce an independent system for electing board.”
“Governor of the central bank will be free and independent in his activities for Grameen Bank board election. Ministry will not interfere,” he said.