During Sheikh Hasina’s tenure, the banking sector has taken a terrible shape due to occupation, loan scams and looting. At that time, S Alam Group, the main hero of the bank robbery, took over eight banks including Islami Bank. 24 individuals and companies in the name of S Alam Group hold 82 percent shares of Islami Bank. The shareholders of the bank have demanded to prohibit the sale or transfer of these shares of Islami Bank held by S Alam.
This demand was conveyed in writing to the chairman of the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) on Sunday (August 18).
BSEC Commissioner and Acting Chairman Mu. Mohsin Chowdhury told the media that the chairman’s office accepted it. We will see about it. But the new chairman will come in while it is in process.
A copy of the letter has been sent to the Managing Director of Dhaka and Chittagong Stock Exchange and the custodian of the shares, Central Depository Bangladesh Limited (CDBL).
In the letter requesting the intervention of BSEC, it is said that for the interest of Islami Bank’s depositors and common shareholders, a temporary ban on the transfer or sale of shares should be imposed on an urgent basis. For this, CDBL and other regulatory bodies are urged to issue directives to take necessary measures as soon as possible.
