Islami Bank MD sent on forced leave

Managing Director (MD) of Islami Bank Bangladesh PLC Mohammed Monirul Moula has been sent on forced leave for three months.

The decision was taken at the bank's board meeting on Sunday, a senior executive of the bank confirmed the development to the FE.

He said the bank's Additional Managing Director Omar Faruk Khan has been given the charge of acting MD.

The decisions will come into effect on Monday, the official added.

The board also decided to send a letter to the Bangladesh Bank, describing the allegations of Mr. Moula's involvement in irregularities, according to the official.

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