BB orders removal of chairman’s son from Southeast Bank board

Bangladesh Bank has ordered the removal Raiyan Kabir from the board of directors of Southeast Bank, a listed bank on the stock exchange.

Raiyan Kabir is the son of Alamgir Kabir, chairman of South East Bank.

A letter in this regard was sent to Southeast Bank on Tuesday from the Banking Regulation and Policy Department of Bangladesh Bank.

The letter asked the bank to vacate his post of director within the next one month and inform the central bank of the information.

Sirajul Islam, executive director and spokesman of Bangladesh Bank confirmed the development to the media.

He said that Raiyan Kabir could not be the director of Southeast Bank as it was in conflict with the policy of the central bank.

However, M Kamal Hossain, managing director of Southeast Bank, told the Business Insider Bangladesh that he was unaware of the matter. “I am out of the office on vacation. I have no information on this.”

According to sources, Raiyan Kabir was appointed as the director of Southeast Bank on October 28, 2020. Previously, he was an employee of the bank.

Alamgir Kabir, a professional accountant, joined the board of directors of Southeast Bank in 2002. He has held the post for 18 consecutive years since he took over as chairman in 2004.