TDS Desk:

Police arrested former Bangladesh Association of Banks (BAB) President and NASA Group Chairman Nazrul Islam Mazumder from Dhaka on Tuesday night.

Rezaul Karim Mallick, additional commissioner of Dhaka Metropolitan Police’s Detective Branch, confirmed the news.

The police officer said that there are many cases against Nazrul Islam, former chairman of Exim Bank.

He was arrested from Gulshan based on specific allegations and intelligence information.

Nazrul, chairman and founder of Nassa Group, led the BAB for nearly 17 years during the Awami League-led government since 2008.

Following the ouster of the the AL-led government in early August, the central bank removed him and his wife Nasreen Islam from the bank’s board on 29 August.

Earlier on 25 August, the Bangladesh Financial Intelligence Unit (BFIU) ordered all banks to freeze the accounts of Exim Bank Chairman Nazrul Islam Mazumder and his wife Nasrin Islam.