12:00 AM, May 12, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

HC questions BASIC Bank officials' promotion

HC questions BASIC Bank officials' promotion

Star Business Report

The High Court yesterday questioned the legality of the promotion of two officials of BASIC Bank to deputy managing director.
Respondents have two weeks to explain why the promotion of Ruhul Alam and Md Selim should not be declared illegal, according to a court rule.
Justice Tariq ul Hakim and Justice AKM Shahidul Huq passed the order after hearing a petition filed by two suspended BASIC Bank officials, Zainal Abedin Chowdhury and Khandker Shamim Hasan.
Bangladesh Bank, finance ministry, BASIC Bank, Alam and Selim have been made respondents to the rule, petitioners' lawyer Imam Hossain Tarek told The Daily Star.
Alam and Selim have been promoted from general manager in violation of the relevant rules, Tarek alleged.


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