Islamic Financial institution Bangladesh Miniature has suspended six officers for their alleged involvement in irregularities associated to loans disbursed to S Alam Personnel.
The suspension letters had been issued by the bank this day (5 December), in step with sources inner IBBL.
The suspended officers are Md Mostak Ahmed, senior assistant vice president (AVP) (Rangpur zone); Amin Ullah Pasha, AVP (Khulna zone); Md Didarul Alam, AVP (Feni Sadar division); Nurul Amin, first AVP (Khatunganj Division); Abbas Ahmed, FAVP (Khatunganj Division); and Md Anwarul Haque, foremost officer.
Confirming the matter, an official from the Khatunganj division said that three officers from the division had been temporarily suspended following an present from the head place of job.
He furthermore talked about that the three suspended officers from the opposite zones had previously been employed on the Khatunganj division.
When asked referring to the procure off of the suspension, the official said preliminary probe findings suggested that the suspended officers facilitated the disbursement of loans with out adhering to dependable procedures.
He furthermore talked about that the Khatunganj division accounted for the most attention-grabbing portion of loans disbursed to S Alam Personnel by the Islami Financial institution.
He additional said that separate investigations are underway by more than one our bodies, along side the Bangladesh Financial institution, the Bangladesh Financial Intelligence Unit (BFIU), and the Anti-Corruption Payment (ACC), to probe into the allegations of irregularities concerning Islami Financial institution’s mortgage disbursements to S Alam.
Moreover, the bank’s inner audit division and an just audit agency, appointed individually, are furthermore working to stammer the irregularities, he added.
S Alam Personnel, along with its affiliated entities, reportedly withdrew Tk73,113 crore in loans from Islamic Financial institution – amounting to practically about 50% of the bank’s total mortgage portfolio.
Of this, Tk 42,000 crore used to be disbursed thru the Khatunganj division alone.
Earlier, Islamic Financial institution Bangladesh had pushed aside just a few high executives linked to S Alam Personnel, along side deputy managing directors (DMDs) and other senior officers. On 19 August, eight excessive-ranking officers had been suspended, followed by additional dismissals on 25 September, along side a foremost officer accused of involvement in recruitment and switch irregularities.
The foremost officer, Hossain, used to be from the bank’s Chawkbazar division, and used to be the husband of Marjina, a domestic again employed by S Alam Personnel Chairman Mohammed Saiful Alam. Allegations imply that Hossain used to be enthusiastic with Deputy Managing Director Akij Uddin in illicit recruitment and switch dealings for the length of the bank.
