Former Exim Bank Chairman Nazrul Islam Arrested

Police have detained Nazrul Islam Majumder, the former chairman of Exim Bank (Export Import Bank of Bangladesh Plc). He was taken into custody in the capital’s Gulshan neighbourhood. The Chairman of NASA Group, a clothing firm, is Nazrul Islam.

And he is the subject of several cases. Nazrul Islam is said to have gained sway over a number of banks, including the Central Bank. Following the Awami League’s collapse on August 5, the bank accounts of Nazrul Islam, his spouse Nashrin Islam, and their offspring were taken over by Bangladesh Bank.

Nazrul Islam Majumdar was removed from his position as chairman of Exim Bank by Bangladesh Bank following the fall of the Awami League administration on August 5.

He had been the bank’s chairman since 2007 before to this. Aside from this, he oversaw the president of the Bangladesh Association of Banks (BAB), a group of bank owners, for around fifteen years.