Category: Economic

Bank Asia to auction Partex MD Rubel Aziz’s property worth Tk 116 crore

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Desk Report: Bank Asia has taken the initiative to recover the mortgaged assets of Partex Coal Limited, a subsidiary of Partex Group, worth about Tk 116.45 crore and put them up for auction. It is reported that the mortgaged assets put up for auction include 259.36 acres of land and factory buildings in Dhaka and Gazipur. The company’s managing director, Rubel Aziz, is currently a director of City Bank. The auction notice states that Rubel Aziz has been mentioned as one of the mortgagees in the auction notice. The loan…

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BRAC Bank MD Selim RF Hossain suddenly resigns, sparking controversy

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Desk Report: BRAC Bank MD Selim RF Hossain suddenly resigns, sparking controversy Selim RF Hossain, the managing director and chief executive officer (CEO) of one of the country’s top private banks, has suddenly resigned. The sudden departure of this experienced banker, who had been leading the bank since 2015, has raised various questions and discussions in the banking sector. Because his tenure at BRAC Bank was till March next year. He submitted his resignation to the bank’s board of directors on Tuesday (May 27), and the board accepted it and…

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