The board of NCC Bank yesterday sought explanation from Managing Director Mosleh Uddin Ahmed for his abnormally high deposits as revealed by Bangladesh Financial Intelligence Unit (BFIU).
Ahmed will have to submit his side of the story within seven days, according to the board’s decision.
The private lender held the special board meeting to discuss the findings of the BFIU investigation, which revealed that Ahmed has Tk 35 crore in deposits with 11 financial institutions, including five banks.
The board has asked Ahmed to submit his deposit details in different banks and financial institutions, said an official of the bank, who is familiar with the matter.
Ahmed told The Daily Star on Monday that he has not done anything wrong and was ready to provide documents to regulators or law enforcers if asked.
The BFIU beefed up its monitoring in the last quarter of 2018 and ahead of the national polls in December in order to combat money-laundering.
The abnormal transactions involving Ahmed were discovered during the period, said BIFU officials.
The central bank will seek explanation from the NCC CEO shortly, said a Bangladesh Bank official.