The scam-hit BASIC Bank has got new managing director yesterday.
Khondokar Md Iqbal, former managing director of the state-run Karmasangsthan Bank, has been appointed as the MD of BASIC Bank.
Earlier on May 25 this year, BASIC Bank MD Kazi Faqurul Islam were removed from his position on charges of irregularities.
Bangladesh Bank made the decision afterng the allegations of irregularities and loan forgery against Faqurul.
Faqurul had admitted to the central bank to his involvement in loan forgery of Tk4,500 crore that was carried out between December 2009 and November 2012. The new Managing Director, Khondokar Md Iqbal, started his banking career as a class 1 officer in Investment Corporation of Bangladesh (ICB) in 1981.
The new Managing Director, Khondokar Md Iqbal, started his banking career as a class 1 officer in Investment Corporation of Bangladesh (ICB) in 1981.
During his long banking career he worked in different divisions in ICB and demonstrated outstanding performance in the respective area of opera.
He was also the Chief Executive Officer of ICB Asset Management Company Limited. He worked as general manager in Agrani Bank and Sonali Bank Limited, plus as a CEO of Sonali Bank (UK) Limited and Deputy Managing Director of Sonali Bank Limited.
