DHAKA, Jan 05, 2025 (BSS) – Managing Directors (MDs) of six private banks were sent on mandatory leave as per the decision of their boards of directors for ensuring transparency during audit, said Husne Ara Shikha, BB Executive Director and spokesperson.

Through a voice message, she said the move came as the taskforce, which was formed by the central bank for reforms in the banking sector, has decided to conduct forensic audits on these banks that have been pushed to the brink due to massive loan scandals and various irregularities, leading to liquidity crises.   

Since the MDs were in office when the loan irregularities took place under the previous management or regime, they have been sent on leave to avoid conflict of interest and controversy and ensure transparency during the audit, she added.

MD of First Security Islami Bank (FSIB) Syed Waseque Md Ali was the first to be sent on mandatory leave yesterday.

In another order issued today, the MDs of EXIM Bank, Global Islami Bank, Social Islami Bank, ICB Islamic Bank, and Union Bank were also sent on mandatory leave.
Waseque's leave started today and will end on 4 April. Abu Reza Md Yeahia, the additional MD of the bank, will carry out the duties of the MD for the time being.