Islami Bank dismisses 8 top officials, including 5 DMDs

Eight top officials, including five DMDs, of Islami Bank, who were identified as collaborators of S Alam Group, have been dismissed from the bank. 

The bank has sent letters in this regard to the dismissed officials today (19 August), several officials of the bank told The Business Standard.

The dismissed are Additional Managing Director JQM Habibullah, deputy managing directors Md Akiz Uddin, Mohammad Sabbir, Miftah Uddin, Md Rezaul Karim, Md Abdullah Al Mamun and Chief Anti Money Laundering Compliance Officer Taher Ahmed Chowdhury. 

Besides, Islami Bank Training and Research Academy Principal Md Nazrul Islam has also been dismissed.

Earlier on the day, the Bangladesh Bank imposed lending limits on six banks owned by the controversial S Alam Group, requiring them to obtain central bank approval before granting any loan exceeding Tk5 crore.

The banks are Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami Bank, and Bangladesh Commerce Bank.