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Salman’s son Shayan loses directorship of IFIC Bank

GreenWatch Desk Banking 2024-08-13, 10:52pm

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Shayan F Rahman, son of Salman F Rahman, lost his directorship of IFIC Bank due to defaulted loans.

Bangladesh Bank has rejected his application for re-appointment as a director as IFIC Bank citing his defaulted loan as the reason. The central bank sent a letter in this regard to the Managing Director of IFIC Bank last Sunday.
The letter said that Shayan F Rahman's company Esses Fashions Ltd defaulted on loan repayments.
So, Shayan cannot hold onto his directorship, said Bangladesh Bank.
Officials of the central bank said that IFIC Bank appointed Shayan as a director despite him having defaulted on loans. Due to this, Salman F Rahman may also be dropped from IFIC Bank. But if the loan has already been regularized, then there is no problem with him being a director, reports UNB.