Dhaka, Bangladesh (BBN) – The top management of BASIC Bank Limited has fired its suspended deputy managing director (DMD) Abdul Monayem Khan for his alleged involvement in various irregularities.
Officials said the state-owned commercial bank (SoCB) issued an order in this connection on Monday.
“We’ve dismissed our suspended DMD Abdul Monayem Khan after found guilty in different irregularities during his period,” a senior official of the bank told BBN in Dhaka.
The BASIC Bank earlier suspended Abdul Monayem Khan on charge of his involvement in different irregularities.
The reshuffled management of BASIC Bank so far has taken actions against more than 79 employees for similar pecuniary offences, they added.
The Bangladesh Bank (BB), the country’s central bank, earlier found different types of irregularities by the BASIC Bank in providing loans, which include non-verification of customer’s creditworthiness, absence of ‘know your customer (KYC)’ procedures, and extending loans to defaulters.
The central bank investigations detected financial irregularities involving around BDT 45 billion of loans in the three branches located at Gulshan, Dilkusha and Shantinagar in the capital between 2009 and 2013.