Bangladesh Bank (BB)'s board meeting held on Sunday focused on significant restructuring within the central bank and key financial matters, including a forensic audit of Nagad, a major mobile financial service provider.
The meeting's primary agenda item was the restructuring of the Audit Committee. Dr. Rashed Al Ahmed Titumir, a professor at Dhaka University, was appointed to the committee, replacing Nazrul Huda. Additionally, the board reshuffled its composition, welcoming Dr. Habibur Rahman and Dr. Fahmida Khatun, who recently took up senior roles within the bank. Dr. Rahman, a well-known economist, was appointed as Deputy Governor, while Dr. Fahmida, an expert in development economics, was named director of the central bank board. These appointments are expected to bolster the bank's strategic and regulatory capabilities.
The board also discussed and passed a proposal to redefine the operational scope of the Taskforce, though details of the proposal were not disclosed. Other notable discussions included a writ petition filed by Beximco Group, which was acknowledged by the board, and the decision to initiate a forensic audit of MFS Nagad, a major mobile financial service provider in Bangladesh. The audit aims to address potential financial discrepancies within Nagad's operations.
Furthermore, the board reviewed the International Recovery Act, considering its effectiveness in managing international financial disputes. The decisions made during the meeting reflect Bangladesh Bank's ongoing efforts to enhance governance, transparency, and accountability in the country's financial sector.
