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Bangladesh Bank has appointed former Bangladesh Financial Intelligence Unit (BFIU) director Mostaqur Rahman as the administrator of Uttara Finance and Investments Limited.
Bangladesh Bank spokesperson and Executive Director Arif Hossain Khan confirmed the appointment to Kalbela on Tuesday (August 18).
The move comes after the company’s chairman, managing director (MD) and two independent directors resigned simultaneously, creating fresh discussion in the financial sector.
The four resigning officials are Uttara Finance Chairman and former NRBC Bank Managing Director Md Mukhtar Hossain; independent director and former Bangladesh Bank Executive Director Md Niamul Kabir; independent director Md Rafiqul Islam FCS; and Managing Director Md Wali Ullah.
Mukhtar Hossain previously served as managing director of NRBC Bank. Niamul Kabir joined Uttara Finance as an independent director after completing his tenure as an executive director of Bangladesh Bank.