Bangladesh interim Govt sacks 18 bank directors | india | Hindustan Times
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Bangladesh interim Govt sacks 18 bank directors

Most of the functionaries of state-run banks had allegedly been appointed on political considerations by the previous government.

india Updated: Nov 22, 2006 16:42 IST

Bangladesh President Iajuddin Ahmed has sacked 18 chairmen and top functionaries of state-run banks and financial institutions as most of them had allegedly been appointed on political considerations by the previous government.

Some officials had their contracts terminated as extension of their service was cancelled by the caretaker government, the New Age newspaper said.

The move followed a recent meeting of the council of advisers to the interim government led by Ahmed, a top finance ministry official said.

In another notification, the ministry accepted the resignation of Abu Ahmed, chairman of the Bangladesh Shilpa Bank, the premier institution dealing with industrial financing.

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