Former Islami Bank MD appointed chairman of S Alam’s First Security Islami Bank

The Bangladesh Bank has reconstituted the board of directors of S Alam Group’s First Security Islami Bank and appointed Abdul Mannan, former managing director of Islami Bank, as the chairman of the board.

The central bank sent a letter in this regard to Fast Security Islami Bank’s managing director today (1 September).

The five-member board also includes Bangladesh Bank’s former executive director Azizur Rahman, Uttara Bank’s former deputy managing director Abdul Quddus, Dhaka University professor Saiful Alam and chartered accountant Ragib Ahsan.

The appointment comes two days after Abdul Mannan claimed that he was forced to resign from his post at Islami Bank back in January 2017.

Speaking at a webinar, Mannan claimed that S Alam Group had forced him to resign after he was taken hostage by members of the Directorate General of Forces Intelligence (DGFI).

“I was forced to resign on a pad that the Islami Bank had never used since its inception in 1983 till date,” Mannan said.

Mannan added that the day he was taken hostage and forced to resign at gunpoint, many top officials of Bangladesh Bank had stayed in their offices until late at night to accept his resignation.