Atiur resigns: Ex-secy Fazle Kabir to be new BB Governor

Atiur resigns: Ex-secy Fazle Kabir to be new BB Governor

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Embattled Bangladesh Bank Governor Dr Atiur Rahman on Tuesday quit amid a huge row over the heist of $101 million from the Bangladesh Bank’s account with the US Federal Reserve Bank.
The Governor’s resignation came following his meeting with the Prime Minister at her office, according to the PMO Press Wing.

Ex-Finance secretary Fazle Kabir

Ex-Finance secretary Fazle Kabir

Earlier talking to reporters at his official residence at Gulshan in the city, Dr Atiur said he was ready to resign if the Prime Minister asked him to do so.
He talked to the media first about the hacking out of $101 million from the Bangladesh Bank’s account with the US Federal Reserve Bank since his return from India on Monday.
Atiur said he would first go to the Prime Minister’s Office to brief Sheikh Hasina about the whole incident.
Defending himself for not informing the Finance Minister about the money heist, he said he took some time since it was like a “terrorist attack” on the country’s banking sector after the ATM fraud.
“But whatever I did, it was in the interest of the country as I didn’t want the incident to create any panic in the banking sector,” Atiur added.
He said he would apologise to the people of the country if he did any mistake in this regard.
Meanwhile, Finance Minister AMA Muhith moved his scheduled press conference to 2:30 pm from 11am Tuesday.
In the wake of resignation of Dr Atiur Rahman, the government Tuesday decided to appoint ex-finance secretary Fazle Kabir as new Governor of the Bangladesh Bank.
Finance Minister AMA Muhith disclosed this while talking to reporters at his ministry.
Fazle Kabir, chairman of the Board of Directors of Sonali Bank Limited, is now in New York. He will return home on March 18.
Earlier in the day, embattled Bangladesh Bank Governor Dr Atiur Rahman quit amid a huge row over the heist of $101 million from the central bank’s account with the US Federal Reserve Bank.
The Governor’s resignation came following his meeting with the Prime Minister at her office, according to the PMO’s Press Wing.
As reporters wanted to know what the government is thinking about new BB Governor, Muhith said, “The Governor has already been made. Everything has done to appoint former finance secretary Fazle Kabir as new Governor.”
Muhith also said a probe team, headed by ex-Bangladesh Bank Governor Dr Mohammed Farashuddin, has been formed to look into the stealing of money from the Central Bank’s account at the US Reserve Bank.
Fazle Kabir was made the Finance Secretary on June 21, 2012. He later joined as chairman of the Board of Directors of Sonali Bank Limited on May 6, 2015.
Obtaining BA (Hons) and Master Degree in Economics from Chittagong University, he started his career in the Bangladesh Civil Service (Railway: Transportation and Commercial) cadre back in October 1980. He then joined the BCS (Admin) service in October 1983.
During his 34 years’ tenure in the civil bureaucracy, Fazle Kabir served in various key positions in different ministries as well as in the administration. He served as Secretary of the Ministry of Railways before joining as Finance Secretary in 2012. He also served in the board of Janata Bank Limited (2008-2010) and Bangladesh Bank (2012-2014) as Director.
I quit on my own like a hero: Atiur
Hours after his resignation as Bangladesh Bank Governor, Dr Atiur Rahman on Tuesday said he himself stepped down to protect the central bank’s image he built over the last seven years.
“I resigned on my own like a hero to save the Bangladesh Bank’s image I built over the last seven years,” he told reporters at a press briefing at his Gulshan residence.
Earlier in the day, Dr Atiur Rahman quit as Bangladesh Bank Governor amid a huge row over the heist of $101 million from the central bank’s account with the Federal Reserve Bank of New York.
The Governor’s resignation came following his meeting with the Prime Minister at her office, according to the PMO’s Press Wing.
Immediately after his resignation, the government decided to appoint ex-finance secretary Fazle Kabir as new Governor of the Bangladesh Bank.
Claiming himself as a pro-liberation man believing in the ideals of Bangabandhu, Atiur said he tendered his repagination to the Prime Minister as she had appointed him the Governor. “She’s shocked as her eyes got watered. Even after that, she’s accepted my resignation.”
He said the Prime Minister thanked him for playing an outstanding role in keeping the country’s economy stable and keeping Forex reserve at over $28 billion.
Atiur said he ran the central bank with patriotism, conscience and loyalty towards the common people during his tenure. “I considered Bangladesh Bank as my child.”
He said when he took over as the central bank Governor the reserve was $6.5 billion and he then took it to over $28 billion. – unb news

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