Clicky
Business

Islami Bank continues to reject cheques of ‘suspicious companies’


Published : 08 Aug 2024 08:50 PM

After the fall of the government, private sector Islami bank has prevented withdrawal of Tk 2000 crore through cheques of different ‘suspicious companies’.

On Tuesday and Wednesday, Islami Bank PLC blocked withdrawal of these amount.

On Tuesday, the bank blocked the withdrawal of Tk900 crore in one day. Two companies - Golden Star and Top Ten Trading House- were trying to withdraw this money.

On Wednesday, the bank also rejected cheques of different companies of S Alam Group  for withdrawal of Tk1100 crore.

A top official of the bank said that both the institutions are related to the bank's owners. And they have prevented the withdrawal of money due to the change of government.

They ‘deprived’ officials of the bank have been demanding the resignation of the beneficiary officials as well as the removal of the officials who joined in the last seven years. At one stage they created pressure on the bank's Additional Managing Director (AMD) Muhammad Qaisar Ali to resign.

Later he submitted resignation to MD and left the bank with the help of the army.