Tensions Ignite at Bangladesh’s Islami Bank Over New Chairman Appointment

A fierce altercation has erupted at Islami Bank PLC in Bangladesh following the appointment of Khurshed Alam, a former Deputy Governor of the central bank, as chairman. The clash between customers and police saw law enforcement deploying tear gas and water cannons, injuring several people.

This upheaval comes amid accusations from the bank's employees who allege that Khurshed Alam facilitated large-scale money laundering during Prime Minister Sheikh Hasina's tenure. His ties to an individual accused of extensive embezzlement have further stirred discontent among the bank's employees and customers.

The protests, believed to be influenced by the opposition party Jamaat-e-Islami, culminated in violent confrontations, with police using sound grenades to disperse demonstrators. As tensions persist, a standoff between police and protesters continues outside the bank's headquarters. This story is still unfolding.

(With inputs from agencies.)