Photo: Collected
Ahmed Shayan Fazlur Rahman, son of Salman F Rahman, an adviser to the recently ousted prime minister Sheikh Hasina, has been removed from the post of director of IFIC Bank due to loan default.
Bangladesh Bank issued the order in a letter sent to the managing director of IFIC Bank on 11 August.
The central bank did not re-appoint Shayan as a director as he defaulted on a loan taken in the name of Esses Fashions Limited from IFIC Bank, reads the letter.
Earlier on 27 June, the Board of Directors of IFIC Bank requested Shayan's re-appointment during the bank's 47th Annual General Meeting. The central bank rejected the request as per Section 15 of Bank Company Act 1991.
Shayan's father Salman F Rahman, the private industry and investment adviser to Sheikh Hasina, is currently the chairman of IFIC Bank.
Messenger/Sourov
