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Mohammed Monirul Moula, the managing director of Islami Bank PLC, has been sent on forced leave for three months.
The board of directors of the bank took the decision during its 359th meeting on Sunday amid reports of his involvement in various irregularities.
The decision will come into effect on Monday. Besides, the bank will send a letter to Bangladesh Bank, describing the allegations of Mohammed Monirul Moula’s involvement in the irregularities.
The board of directors appointed Omar Faruk Khan, additional managing director of the bank, as acting managing director.