SC upholds BB order removing NRB MD
The Appellate Division has upheld a Bangladesh Bank order that sacked Dewan Mujibur Rahman, managing director and CEO of NRB Commercial Bank.
The central bank on Dec 6 last year removed him following gross irregularities over loan disbursement. Rahman then secured a stay order from the High Court on the central bank notice.
On Sunday, the Supreme Court's chamber judge froze the HC order and forwarded the matter to the Appellate Division for hearing. On Thursday, the full appellate bench led by acting Chief Justice Abdul Wahhab Miah heard the matter and upheld Bangladesh Bank's order.