Wednesday 26 September 2018 ,
Latest News
  • Rising temperature to affect 134m people in Bangladesh: WB
  • PM urges int’l community to ensure easy transfer of technology
  • US stance on Rohingya not strong enough, activists say
  • Trump, Rouhani exchange threats, insults at UN
  • 'US report proves urgent need for Rohingya justice mechanism'
8 December, 2017 00:00 00 AM

Print

HC stays BB order removing NRBCB MD

UNB

The High Court yesterday stayed a Bangladesh Bank (BB) order that removed NRB Commercial Bank Managing Director Dewan Mujibur Rahman from his post for misconduct and violating the rules, reports UNB. A two-member HC bench comprising Justice Syed Muhammad Dastagir Husain and Justice Md Ataur Rahman Khan passed the order in response to a writ petition filed by Dewan Mujibur Rahman challenging the central bank's order.

The court also issued a rule asking the authorities concerned to explain as to why the removal order should not be declared illegal.

All concerned, including the BB governor, were asked to reply to the rule within four weeks. On Dec 5, BB in an order removed NRB Commercial Bank Managing Director Dewan Mujibur Rahman for misconduct and violating the rules.

The central bank's decision was conveyed to the NRBCB managing director on Wednesday through a letter. As per the BB decision, Dewan Mujibur will not be able to serve any bank in the next two years. The Bangladesh Bank served the letter after it had found evidence against Dewan Mujibur of irregularities and violation of the banking law.

Earlier, the central bank served a show-cause notice on him over 10 irregularities and violation of the banking law in issuing loans of Tk 701 crore which the central bank believes went against the interests of the bank's depositors.

Challenging the notice, the NRBCB managing director went to the court, but he failed to obtain any order in his favour.

 

Comments

Poll
Today's Question »
Attorney General Mahbubey Alam has alleged that former Chief Justice Surendra Kumar Sinha has tarnished the image of the country's judiciary. Do you agree?
 Yes
 No
 No Comment
Yes 6.0%
No 94.0%
No Comment 0.0%
Most Viewed
E-Paper

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting