None should buy assets from S Alam as govt will sell those to refund depositors: Governor
Ahsan H Mansur said S Alam was the first person who systematically looted banks. "I'm not aware of anyone else in the world who has executed a bank robbery in such a well-planned manner," added Mansur, a former senior IMF official with experience in various countries.
Bangladesh Bank Governor Ahsan H Mansur has said no one should buy properties that do not have bank mortgages from S Alam Group as depositors would be refunded by banks after selling those.
During a press conference today (28 August), he was asked about the Bangladesh Bank's course of action regarding S Alam Group trying to sell properties that do not have bank mortgages.
In this regard, the governor said, "It has to be done through a legal process. We will ask the government to take action. And no one should buy the assets of this group. The money will be returned to the depositors by selling these assets."
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The governor said anyone who buys S Alam's assets may face legal challenges. "We urge everyone not to touch those."
Ahsan H Mansur said that S Alam was the first person who systematically looted banks.
"I'm not aware of anyone else in the world who has executed a bank robbery in such a well-planned manner," added Mansur, a former senior IMF official with experience in various countries.
Speaking about forming a banking commission, the governor said, "the Bangladesh Bank will be included in the commission. It will be formed within a month. The commission will include foreign experts. We will also check how Sri Lanka did it,"
On Islami Bank, he said the bank's new board has been ordered to submit a work plan within a week.
"There is no option to lie idle, [they] have to work. The Bangladesh Bank will provide all sorts of assistance in this regard. If they are not cooperative, the board will be changed again. Everyone is being monitored. No one will be spared if irregularities are found."
