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Staff Reporter

Fixing the value of each share at Tk 100 three nationalized commercial banks (NCBs)–Sonali, Janata and Agrani banks-were formally made public limited companies (PLC) through the signing of separate “vendor” agreements to this effect yesterday.The NCBs, after necessary gazette notification, will be operated by independent management and board of directors in accordance with the Banking Companies Act of 1994. Having 100 per cent share of the PLCs, the government earlier appointed chairmen of the board of directors for the three banks. (more…)

Court Correspondent

Two different courts of Dhaka yesterday, rejected two petitions to put BNP’s Senior Joint Secretary General and former Premier Khaleda Zia’s elder son Tarique Rahman on remand for 7 days each. However, if necessary, I0 was permitted to quiz Tarique at the jail gate.In one case Tarique was accused of extortioning Taka one crore 32 lakh, while in another case he allegedly extorted Taka 5 crore. On March 27 this year, Khan Md Aftab Uddin, proprietor, Reza Construction filed the first case with Gulshan Thana accusing Gias Uddin Al-Mamun, Khairul Kabir Khokon, Obaidul Kader, Kamruzzaman, Hablu, Mahbub and Mota Tareque. In the case, Mamun made confessional statement and on April 21, (more…)