Staff Correspondent: The fourth generation NRB Commercial Bank, formed in 2013 by expatriate Bangladeshis, has given birth to many controversies since its inception.

Allegations of money embezzlement, arbitrariness and corruption have been made against the Chairman of the Bank, Parvez Tamal. Recently , 7 entrepreneurs of the bank have filed a complaint against the officials added to this list.

On Tuesday (February 6), they wrote to Managing Director and CEO Golam Aulia highlighting the various ‘misdeeds’ of these officials. There are 5 entrepreneurial shareholders and 2 entrepreneurial directors.

The letter asked to inform all sponsor shareholders about the necessary measures against irregularities and corruption within 7 days.

According to the letter, a circle has challenged the founding board on allegations of various irregularities in the scheme. As a result, the current board of directors of the bank was reorganized in 2017 on the instructions of Bangladesh Bank.

The bank has become a symbol of mismanagement and irregularities in the past few years under the current Chairman Pervez Tamal, Vice Chairman Rafiqul Islam Miah and Executive Committee Chairman Adnan Imam in the absence of experienced directors at the time of establishment.

Arbitrariness has been established in the management of banks under the control of syndicated circles and various negative incidents are constantly making headlines in the news media at home and abroad, which are unacceptable as expatriate banks and loss of honor of expatriates.

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