Salman was the chairman of IFIC Bank and his son Shayan was the vice chairman at the time the bond was issued. Although the name is “IFIC Amar Bond”, the bond is not from IFIC Bank. Salman and his son Shayan are partners in the real estate company and are also stakeholders in IFIC Bank. Action will also be taken against then managing director of IFIC Bank, Shah Alam Sarwar. Then BSEC chairman Sheikh Shamsuddin Ahmed has been declared “persona non grata” in the capital market for five years.

Source: bd News24 July 31, 2025 01:21 UTC