NRBC Bank

[7] In October 2017, the Parliamentary Standing Committee on the finance ministry expressed deep concerns over the activities of NRB Commercial Bank Limited and The Farmers Bank Limited and called for protecting them from bankruptcy.

[8] Chairman of NRB Commercial Bank Limited, Farasath Ali, did not attend the meeting of the Parliamentary Standing Committee on the finance ministry.

[10] The bank also sent its managing director and Chief Executive Office, Dewan Mujibur Rahman, on leave and did not fire him after he secured a court verdict in his favor.

[10] Bangladesh Bank would issue a two-year ban against Farasath Ali for irregularities.

[15] The same year Khondoker Rashed Maqsood was appointed CEO and managing director of the bank.

[18] A major shareholder of the bank, Mohammad Shahid Islam, was sentenced to jail for human trafficking and money laundering in Kuwait.

[23] It imposed another fine worth around half a million taka against NRB Bank for the same reason.