FE Today Logo

HC upholds BB letter fining One Bank Tk 1.0m

FE REPORT | July 14, 2020 00:00:00


The High Court on Monday upheld a Bangladesh Bank letter that fined One Bank Tk 1.0 million on charges of violating Section 15(4) of the Bank Company Act 1991 and keeping its chairman Sayeed Hossain Chowdhury as a director of the bank.

The court said in its order that the ad-interim prayer of the writ petitioner against the BB letter is rejected, said Barrister Munirujjaman who appeared in the court on behalf of the central bank.

At the same time, the court asked the writ petitioner to place the petition before a regular High Court bench after the reopening of its activities, the lawyer added.

The High Court bench of Justice Abu Taher Md Saifur Rahman passed the order after holding a virtual hearing on the writ petition filed by the One Bank. Mr Sayeed Hossain Chowdhury cannot hold the position of the chairman following the High Court order, said Barrister Munirujjaman.

Barrister Shafiq Ahmed, advocate Yousuf Hossain Humayun, advocate AM Amin Uddin, advocate Ahsanul Karim and barrister Khairul Alam Choudhury took part in the hearing on behalf of the One Bank.

Attorney General Mahbubey Alam as a senior counsel and Barrister Munirujjaman represented the Bangladesh Bank, while Deputy Attorney General Amit Das Gupta stood for the state.

bikashju@gmail.com


Share if you like