Lutfur Rahman removed from IFIC Bank

Economic Correspondent: Bangladesh Bank (BB), the country’s central bank, has removed Mohammad Lutfar Rahman, from IFIC Bank’s board of directors.

Bank governor secretariat`s general manager AFM Asaduzzaman confirmed the removal of Lutfar Rahman to risingbd.com.
 
A Bangladesh Bank order to this effect was sent to the IFIC Bank’s chairman and company secretary on Thursday.

The stockbroker was the chairman of the private bank’s Executive Committee and Risk Management Committee. Beximco Group’s Vice Chairman Salman F Rahman is the bank’s chairman.

Bangladesh Bank said Governor Atiur Rahman ordered the dismissal of Badal going by the report of a permanent committee formed as per Section 48 (1) of Bank Company Act 1991.

The central bank said initial police investigation had found charges of providing funds to create political instability and sabotage.

risingbd/Dhaka/Oct 29, 2015/Mamun/Amirul/Nasim