BB decides to dissolve Islami Bank’s Board of Directors
Bangladesh Bank (BB) has decided to dissolve the Board of Directors of Islami Bank Bangladesh. As Islami Bank’s majority shares are held by S Alam, all independent directors will be appointed to the bank for the time being.
BB sources informed this on Wednesday (August 21).
It is learned that the previous directors will be appointed as directors after buying 2 percent of the shares.
Islami Bank was taken over by S Alam Group in 2017. Since taking ownership of the bank, S Alam Group has taken out Tk 75,000 crore anonymously. S Alam owns 82 percent of the bank’s shares. BSEC has already banned the transfer of S Alam’s shares.
