Bangladesh Bank ED appointed as receiver at Beximco Group

Ruhul Amin, Executive Director (ED) of Bangladesh Bank (BB) has been appointed as 'receiver' at the leading manufacturer Beximco Group.

The central bank took the decision at its board meeting, chaired by governor Dr. Ahsan H. Mansur on Sunday.

Three new members -Nazma Mobarak, Habibur Rahman and Dr. Fahmida Khatun- have been included in the central bank board. The audit committee of BB has been reconstituted too.

"The work of receiver will be to ensure proper management of all the institutions of the group in view of the order of the High Court," said Husneara Shikha, spokesperson of BB.

Former Prime Minister Sheikh Hasina's private industry and investment adviser Salman F Rahman is the vice chairman of

Beximco Group. He has been imprisoned after the fall of the Awami League government in a student-led uprising.

Beximco is one of the top companies in garment export and pharmaceutical manufacturing.

On September 5, the High Court ordered Bangladesh Bank to attach all the properties of Beximco Group and appoint a receiver for six months to manage them.

The meeting also decided to appoint an international legal or money recovery farm to help recover money laundered from Bangladesh.

The central bank board has decided to conduct a forensic audit to look into the operations of the postal department's digital financial service, 'Nagad'.