Supreme Court upholds decision of Bangladesh Bank to remove NRBC Bank’s MD | daily-sun.com

Supreme Court upholds decision of Bangladesh Bank to remove NRBC Bank’s MD

Sun Online Desk     11th January, 2018 06:41:05 printer

Supreme Court upholds decision of Bangladesh Bank to remove NRBC Bank’s MD

The Supreme Court (SC) has upheld the decision taken by Bangladesh Bank (BB) to remove the Managing Director of NRB Commercial Bank, Dewan Mujibur Rahman.

 

An Appellate Division bench of the SC headed by acting Chief Justice Md Abdul Wahhab Miah passed the order on Thursday, after disposing of a petition filed by the chairman of NRB Commercial Bank challenging the HC order.

 

The SC said that its stay order on the High Court freeze on Bangladesh Bank’s decision to remove Dewan Mujibur Rahman from the post of Managing Director of NRB Commercial Bank will continue.

 

The Bangladesh Bank removed Mujibur Rahman from the bank in December, last year for his alleged involvement in a number of loan scandals involving around Tk 700 crore.

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