Shayan F Rahman, son of former Prime Minister Sheikh Hasina’s private industry and investment adviser Salman F Rahman, has lost his directorship of IFIC Bank due to defaulted loans.
Bangladesh Bank has rejected his application for re-appointment as a director as IFIC Bank citing his defaulted loan as the reason.
The central bank sent a letter in this regard to the Managing Director of IFIC Bank last Sunday.
The letter said that Shayan F Rahman's company Esses Fashions Ltd defaulted on loan repayments.
So, Shayan cannot hold onto his directorship, said Bangladesh Bank.
Officials of the central bank said that IFIC Bank appointed Shayan as a director despite him having defaulted on loans. Due to this, Salman F Rahman may also be dropped from IFIC Bank.
But if the loan has already been regularised, then there is no problem with him being a director.
