• Thursday, August 21, 2014

HC rules on suspension of BASIC Bank officials

Star Business Report

The High Court yesterday instructed the authorities to explain in four weeks why the suspension of five officials of BASIC Bank should not be declared illegal.
It stayed the authorities' action suspending the facilities and privileges of the officials.
Bangladesh Bank, the finance ministry and BASIC Bank are respondents to the rule.
Justice Tariq ul Hakim and Justice AKM Shahidul Huq passed the order after hearing separate petitions.
The petitioners are: Deputy Managing Director Monaem Khan, and General Managers Zainul Abedin Choudhury, Kh Shamim Hasan and Mohammad Ali; and Deputy Manager Zahid Hasan.

Petitioners' lawyers Barrister Rafique-Ul Huq told The Daily Star that his clients would now get all the privileges following the HC order.  
On April 17, six high officials of BASIC Bank were suspended on charges of irregularities.

Published: 12:00 am Monday, April 28, 2014

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