Freeze accounts of NRBC Bank chairman

Banks have been asked to freeze all personal and private company accounts of three top former and current officials of NRBC Bank

They are Parvez Tamal, chairman; Mohammad Adnan Imam, former executive committee chairman; and Md Jafar Iqbal Howlader, vice president of the financial administration division.

Yesterday, the Bangladesh Financial Intelligence Unit (BFIU) through a letter ordered banks to keep their personal and private company accounts frozen for 30 days in the first phase.

The intelligence unit also sought an update on the details of their personal and company accounts within five working days.

There are several allegations of corruption related to money laundering and recruitment business against a number of board members of the bank, including Tamal and some top management officials.

A central bank report found that the bank outsourced various services at higher rates from the companies of the board members of NRBC along with providing them with loans, violating banking rules.

Despite being the chairman, Tamal behaved like the managing director of the bank and made the one responsible for the post a puppet, industry insiders said.

NRBC official sources said Tamal did not go to the bank's head office regularly in the last two months, which he used to do before the fall of the Awami League government on August 5 this year.