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This time the initiative to merge National Bank with UCB

by endroar
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Last December, Bangladesh Bank dissolved the board of National Bank under the control of Sikdar Group, which was in crisis due to various financial irregularities, and formed a new board. In this regard, the board of the bank was dissolved by the order of the governor of Bangladesh Bank, Abdur Rauf Talukder.

The governor's order said that the board of directors of the National Bank approved loans by violating the rules and regulations of the loan, unwanted interference in the management of the bank, concentration of the bank's shares in the same family by abuse of power, creating various complications in the process of director selection or re-election, financial irregularities in the course of the board, policy making of the board. Deterioration of the bank's financial condition due to weakness, disruption of banking good governance and discipline, the board has been involved in activities against the interests of bank-companies and depositors. For this, on the recommendation of Bangladesh Securities and Exchange Commission, the Board of Directors of National Bank was canceled to protect the interests of the depositors and public interest.

Manowara Sikder, Ron Haque Sikder, Rick Haque Sikder, Naimuzzaman Bhuiyan and Murshid Quli Khan were dropped from the bank's board. Syed Farhat Anwar, former professor of Dhaka University's Institute of Business Administration (IBA), Bangladesh Bank's former executive director Md. Sirajul Islam and former Managing Director of Southeast Bank M. Kamal Hossain. Apart from this, Parveen Haque Sikder, entrepreneurial director Khalilur Rahman, representative director on behalf of Sikder Insurance Company was made a director from among the shareholders. Sofikur Rahman and entrepreneur shareholder director Moazzem Hossain.

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