The authorities of Bangladesh Bank has removed Mohammad Lutfar Rahman Badal from IFIC Bank’s board of directors.
He was removed for remain absent in the executive committee meeting and any other meeting of the bank since 2014, said Sayful Islam, deputy general manager of Bangladesh Regulatory and Policy Department of the central bank.
“As Badal holds a vital position in the bank, his long time absence will affect the depositor’s interest,” added Sayful.
BB Governor Atiur Rahman Thursday ordered the dismissal of Badal going by the report of a permanent committee formed as per Section 48 (1) of Bank Company Act 1991.
A central bank order to this effect was also sent to the IFIC Bank’s chairman and company secretary in the afternoon.
