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.

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.

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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.