TDS Desk:

The central bank on Sunday sent managing directors of six banks, including four controlled by the S Alam Group, into forced leave.

The banks in question are: First Security Islami Bank, Social Islami Bank, Global Islami Bank, Union Bank, EXIM Bank and ICB Islami Bank.

On Thursday, senior Bangladesh Bank officials held a meeting with directors of the concerned bank. It was decided that for the sake of transparent scrutiny into the balance sheets of the banks, all high officials, including managing directors allied with Saiful Alam, will have to be removed.

First Security Islami Bank Managing Director Syed Waseque Md Ali was the first to go, being slapped with a three-month forced leave order. The bank’s Additional Managing Director Abu Reza Md Yahya has been appointed as the acting managing director for the time being.

Later, on Sunday, Bangladesh Bank Governor Ahsan H Mansur held meeting with chairmen of five other banks, ordering them to temporarily remove their respective managing directors.