Meghna Bank MD resigns

Staff Correspondent | Published: 00:05, Nov 22,2017 | Updated: 23:11, Nov 21,2017


Managing director and chief executive officer of Meghna Bank Nurul Amin resigned from the bank over differences of opinion with board members surrounding Tk 48 crore defaulted loans with the Dhanmondi branch of the bank.
The board of the bank on November 19 accepted the resignation of Amin, one of the senior bankers in the country, with effect from November 30 after he had tendered his resignation on November 2.
The tenure of Amin as MD of one of the new banks was supposed to expire in January, 2018.
Amin, former NCC Bank MD and ex-chairman of Association of Bankers Bangladesh, told New Age that he resigned from the bank on ‘personal ground’ and that he would go to retirement as he would turn 65 in 2018.
Bank and Bangladesh Bank sources said that an issue of a Tk 48 crore defaulted loan by a client of the bank’s Dhanmondi Branch had led to differences of opinion between Amin and some of the directors of the bank.
Some of the directors blamed the bank management, including Amin, for the loan taken by a private firm Rupali Corporation for import of chemicals used in agriculture.
The company, however, failed to release the chemicals from the Mongla Port as the customs authority accused it of evading duties and the loan became defaulted.
When asked about his resignation, Amin said that there was no relation between the defaulted loan and his resignation.
He said that the loan was approved by the board. ‘The company has mortgaged its assets with the bank. We are actively trying to recover the money from the company as the imported materials have already arrived in the port and the company’s activities are going on,’ he added.
Meghna Bank chairman HN Ashequr Rahman MP said that resignation of Amin and the defaulted loan were two separate issues.
‘He [Amin] resigned on personal grounds and the board unanimously accepted the resignation,’ said Ashequr, who is also the treasurer of ruling party Awami League.
When asked about the defaulted loans, he advised reporters to investigate the fate of the loan. 

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