Bangladesh Bank has relieved ONE Bank chairman Sayeed Hossain Chowdhury of bank directorship.
BB officials said that an order was issued on Sunday cancelling the directorship of Sayeed due to ‘loan defaulting’ by one of his companies.
An official of Sayeed’s HRC Group said that the central bank’s decision was not legitimate and Sayeed would contest it in court.
BB spokesperson and executive director Md Serajul Islam on Monday said that the withdrawal of Sayeed would be effective from October 15, 2019 as a court order related to his directorship was passed on that day.
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