NRB Commercial Bank has removed its vice-chairman Shahid Islam MP, now detained in Kuwait on charge of money laundering, from the bank’s board.
The board of directors of the bank took the decision to remove Shahid on Saturday, NRBC Bank chairman Parvez Tamal told New Age on Monday.
Shahid, an independent member of parliament from and Lakshmipur-2, was arrested in Kuwait by the country’s Criminal Investigation Department on June 6 for his alleged involvement in money laundering and human trafficking.
He was sent to the central jail of the Middle Eastern country on June 25 as the attorney general of Kuwait decided to imprison him for 21 days.
Tamal said that the board took the decision to remove Shahid as a number of government agencies including Bangladesh Bank, Anti-Corruption Commission and National Board of Revenue were scrutinising his financial dealings.
‘The decision was taken for the sake of investigations of the government agencies,’ Tamal said.
‘If the authorities find everything fine, he would be restored at the board,’ the NRBC Bank chairman said.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Banking