Islami Bank MD sent on mandatory leave

Mohammed Monirul Moula, the managing director of Islami Bank PLC, has been sent on forced leave for three months.

The board of directors of the bank took the decision during its 359th meeting on Sunday (April 6).

Sources said the authority made the decision amid reports of his involvement in various irregularities.

S Alam Group took over Islami Bank on January 5, 2017, with the help of former Bangladesh Bank Governor Fazle Kabir and an intelligence agency.

The bank's audit revealed that they had withdrawn Tk 91,000 crore from this bank alone through various means.