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Shah Alam, Executive Director of the Bangladesh Bank’s Financial Institutions Department, was fired for allegedly suppressing billions of rupees worth of information. Bangladesh Bank spokesperson Sirajul Islam confirmed the information to the Bangla Tribune on Thursday (February 4).
He said the official order from the central bank on Thursday removed CEO Shah Alam from the financial institution. He (Shah Alam) has been accused of wrongdoing. So it has been removed from the responsibility of the financial institution.
However, the banking authorities are investigating the irregularities and corruption of the former deputy governor of the Bangladesh bank SK Sur Chowdhury and the current CEO Shah Alam. The move comes on the heels of a confession made by Rashedul Haque, a former managing director of International Leasing, in court on Wednesday (February 3). Action will be taken against them in accordance with the “personnel law,” the central bank’s chief executive and spokesman said. Sirajul Islam.
In his confessional statement given in court, Rashedul Haque said that the inspection officers of the Bangladesh Bank received ‘masohara’ to suppress the irregularities of financial institutions. Shah Alam, the then general manager and current executive director of the financial institutions and markets department, and SK Sur Chowdhury, the former deputy governor, were directly involved in these irregularities.
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