BB appoints receiver to manage Beximco Group companies
FE REPORT |
November 11, 2024 00:00:00
Bangladesh Bank has appointed Md Ruhul Amin, an executive director of the central bank, as the receiver to manage all the companies of Beximco Group and attach all the properties belonging to this group.
The decision was made at a meeting of the board of directors of the central bank held at the BB headquarters in Dhaka on Monday, with Governor Dr Ahsan H Mansur in the chair, sources said.
Earlier on September 19 last, the High Court directed the Bangladesh Bank to appoint a receiver to manage all the companies of Beximco Group and attach all the properties belonging to this group for a period of six months.
It also directed the central bank to recover the money obtained by Salman F Rahman, former adviser of Sheikh Hasina, from different banks and bring the money back to Bangladesh from abroad.
Bangladesh Bank authorities have also been asked to submit a compliance report to the court within four weeks about the steps they will take regarding the issue.
The High Court bench of Justice AKM Asaduzzaman and Justice Muhammad Mahbub Ul Islam passed the order on September 5 this year, after hearing a writ petition filed in this regard.
Complying with the HC order, the central bank has made the decision, confirmed the sources.
Masood R Sobhan, a Supreme Court lawyer, filed the petition as a public interest litigation.
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