No more new advisor to the governor

Ifti's appointment proposal canceled

No one can be appointed as an advisor

to the Governor of Bangladesh Bank for the time being. However, if there is an urgent need, an expert can be appointed in the advisory position. This step has been taken to restore discipline in the overall activities of the central bank.

The process of appointing an expert in the advisory rank to provide necessary advice to the governor on preventing money laundering and recovering laundered money was underway. He was also working with the governor of the central bank on this issue. He is Ifti Islam. His appointment proposal was rejected in the recently held meeting of the central bank's board of directors. In addition, it was advised in that meeting not to appoint anyone else as an advisor to the governor of the central bank. These facts have been learned from the relevant sources.

When contacted, Ifti Islam said, "The matter is under the jurisdiction of Bangladesh Bank. I have no comment on this matter."

Sources said that currently

there are two advisors to the governor of the central bank. They are Asan Ullah and Sabet bin Siddique. Both advisors are above the rank of executive director of the central bank. Among them, Ahsan Ullah was previously the executive director of Bangladesh Bank. Sabet bin Siddique was not an employee of Bangladesh Bank. He was appointed from outside. However, he worked at the US central bank. For this reason, he has been made a member of the banking reform task force in addition to being an advisor. Ifti Islam was also proposed to be appointed above the rank of executive director. He is not an employee of the central bank. But there are allegations that he interfered in various ways in the work on money laundering. This matter has escalated from the central bank to the Ministry of Finance and the office of the chief advisor.

Recently, in a meeting held at his residence Jamuna under the chairmanship of the Chief Advisor, two top officials of the Finance Ministry and several other officials presented various allegations against Ifti Islam. Although the


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