Bangladesh Bank has removed its executive director Shah Alam from Financial Institutions Department for allegedly suppressing information on embezzling crores of money from the bank.
“Executive Director Shah Alam has been removed from the post of Financial Institution by an official order of the central bank on Thursday. There were allegations of irregularities against him (Shah Alam),” said the bank’s spokesperson Sirajul Islam on Thursday.
He further said the bank authorities are also investigating the irregularities and corruption of former deputy governor of Bangladesh Bank SK Sur Chowdhury and current executive director Shah Alam.
The move comes following the confessional statement made by Rashedul Haque, former managing director of the International Leasing and Financial Services (ILFS) on Wednesday.
Rashedul Haque in his confessional statement said, “Inspection officers of Bangladesh Bank were given monthly bribe to hide irregularities of financial institutions. The then general manager of Financial Institutions and Markets Department Shah Alam and deputy governor SK Sur Chowdhury were directly involved in these irregularities.”
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