• Friday, Jun 25, 2021
  • Last Update : 05:24 am

BB removes Mercantile Bank Director Shahid Reza

  • Published at 12:53 pm April 28th, 2021
Shahid Reza
Mercantile Bank Director Shahid Reza Collected


The central bank issued the removal instruction on Tuesday

The Bangladesh Bank (BB) on Tuesday asked Mercantile Bank to remove its Director Shahid Reza from his post.

The central bank issued the removal instruction to the bank’s chairman and managing director on Tuesday, confirmed Md Serajul Islam, executive director and spokesperson of Bangladesh Bank on Wednesday.

“Shahid has been removed from Mercantile Bank’s board of directors as the allegations of loan irregularities against him were found to be true,” Islam said.

According to the Bangladesh Bank letter, this decision was taken following all the due procedures as per the provision 46 of the Bank Company Act 1991. 

As a result of the central bank move, Shahid Reza will not be allowed to be involved in the management process of the bank or any other bank companies in the next two years. 

The allegations brought against him include - breaching loan regulations and being associated with the scam of PK Halder.


51
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail