Bangladesh Bank has lambasted Agrani Bank managing director and chief executive officer Syed Abdul Hamid for taking part in election campaign of the Federation of Bangladesh Chambers of Commerce and Industry.
The BB issued a letter to Hamid on May 31 asking him not to get involved in such type of ‘irrelevant activities’ in the future.
According to the BB letter, the central bank has found allegation that Hamid and his officials took part in campaign in the latest FBCCI elections in favour of two Agrani Bank directors. The two directors are Shameem Ahsan and Hasina Newaaz.
Before issuing the waning letter, the central bank issued a show-cause notice to Hamid on May 19 for conducting election campaign while holding the post of Agrani Bank’s MD and CEO.
Besides, some officials at different levels of the bank also got involved in the election campaign of the FBCCI, the show-cause letter said.
The BB letter said that Hamid along with his bank’s officials mainly sent short message service over the mobile phones as a part of the election campaign.
The BB asked Hamid to reply the show-cause letter within two working days. In his reply, Hamid claimed that the central bank allegation was not entirely true.
A BB official told New Age on Tuesday that Hamid in his letter had confessed that the allegation was partially true.
Against the backdrop, the central bank issued the warning letter to the Agrani Bank MD saying that Hamid’s claim was not acceptable as his answer was not transparent.
‘It is unexpected for the central bank that your (Hamid) reply was unclear,’ the warning letter said.
Bangladesh Bank issued another show-cause notice to the Agrani Bank managing director on June 9, 2015 to explain why he did not provide defaulted loan information of Kamrun Nahar Sakhi, a director of NRB Commercial Bank, in its quarterly report to the central bank.
The letter had said Agrani Bank provided false information about Kamrun as the state-owned bank had not shown her as a loan defaulter in its report.
The BB letter to the Agrani Bank MD had said that Mismac Development Ltd was a client of Agrani Bank’s Laldighi East corporate branch in Chittagong and Kamrun was a director of the organisation.
Agrani Bank in its first quarter report of this year had said that Kamrun was not a loan defaulter although her organisation held defaulted loans with the bank in the period.
The BB official said that Hamid had tried to save the directorship of Kamrun with NRB Commercial Bank hiding the defaulted loan as no one was able to hold directorship with scheduled bank if he or she faced defaulted loan.

Bangladesh Bank has lambasted Agrani Bank managing director and chief executive officer Syed Abdul Hamid for taking part in election campaign of the Federation of Bangladesh Chambers of Commerce and Industry.
The BB issued a letter to Hamid on May 31 asking him not to get involved in such type of ‘irrelevant activities’ in the future.
According to the BB letter, the central bank has found allegation that Hamid and his officials took part in campaign in the latest FBCCI elections in favour of two Agrani Bank directors. The two directors are Shameem Ahsan and Hasina Newaaz.
Before issuing the waning letter, the central bank issued a show-cause notice to Hamid on May 19 for conducting election campaign while holding the post of Agrani Bank’s MD and CEO.
Besides, some officials at different levels of the bank also got involved in the election campaign of the FBCCI, the show-cause letter said.
The BB letter said that Hamid along with his bank’s officials mainly sent short message service over the mobile phones as a part of the election campaign.
The BB asked Hamid to reply the show-cause letter within two working days. In his reply, Hamid claimed that the central bank allegation was not entirely true.
A BB official told New Age on Tuesday that Hamid in his letter had confessed that the allegation was partially true.
Against the backdrop, the central bank issued the warning letter to the Agrani Bank MD saying that Hamid’s claim was not acceptable as his answer was not transparent.
‘It is unexpected for the central bank that your (Hamid) reply was unclear,’ the warning letter said.
Bangladesh Bank issued another show-cause notice to the Agrani Bank managing director on June 9, 2015 to explain why he did not provide defaulted loan information of Kamrun Nahar Sakhi, a director of NRB Commercial Bank, in its quarterly report to the central bank.
The letter had said Agrani Bank provided false information about Kamrun as the state-owned bank had not shown her as a loan defaulter in its report.
The BB letter to the Agrani Bank MD had said that Mismac Development Ltd was a client of Agrani Bank’s Laldighi East corporate branch in Chittagong and Kamrun was a director of the organisation.
Agrani Bank in its first quarter report of this year had said that Kamrun was not a loan defaulter although her organisation held defaulted loans with the bank in the period.
The BB official said that Hamid had tried to save the directorship of Kamrun with NRB Commercial Bank hiding the defaulted loan as no one was able to hold directorship with scheduled bank if he or she faced defaulted loan.

Bangladesh Bank has lambasted Agrani Bank managing director and chief executive officer Syed Abdul Hamid for taking part in election campaign of the Federation of Bangladesh Chambers of Commerce and Industry.
The BB issued a letter to Hamid on May 31 asking him not to get involved in such type of ‘irrelevant activities’ in the future.
According to the BB letter, the central bank has found allegation that Hamid and his officials took part in campaign in the latest FBCCI elections in favour of two Agrani Bank directors. The two directors are Shameem Ahsan and Hasina Newaaz.
Before issuing the waning letter, the central bank issued a show-cause notice to Hamid on May 19 for conducting election campaign while holding the post of Agrani Bank’s MD and CEO.
Besides, some officials at different levels of the bank also got involved in the election campaign of the FBCCI, the show-cause letter said.
The BB letter said that Hamid along with his bank’s officials mainly sent short message service over the mobile phones as a part of the election campaign.
The BB asked Hamid to reply the show-cause letter within two working days. In his reply, Hamid claimed that the central bank allegation was not entirely true.
A BB official told New Age on Tuesday that Hamid in his letter had confessed that the allegation was partially true.
Against the backdrop, the central bank issued the warning letter to the Agrani Bank MD saying that Hamid’s claim was not acceptable as his answer was not transparent.
‘It is unexpected for the central bank that your (Hamid) reply was unclear,’ the warning letter said.
Bangladesh Bank issued another show-cause notice to the Agrani Bank managing director on June 9, 2015 to explain why he did not provide defaulted loan information of Kamrun Nahar Sakhi, a director of NRB Commercial Bank, in its quarterly report to the central bank.
The letter had said Agrani Bank provided false information about Kamrun as the state-owned bank had not shown her as a loan defaulter in its report.
The BB letter to the Agrani Bank MD had said that Mismac Development Ltd was a client of Agrani Bank’s Laldighi East corporate branch in Chittagong and Kamrun was a director of the organisation.
Agrani Bank in its first quarter report of this year had said that Kamrun was not a loan defaulter although her organisation held defaulted loans with the bank in the period.
The BB official said that Hamid had tried to save the directorship of Kamrun with NRB Commercial Bank hiding the defaulted loan as no one was able to hold directorship with scheduled bank if he or she faced defaulted loan.