Star Business Report

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The central bank should appoint an administrator at the scam-hit International Leasing and Financial Services Ltd (ILFSL) to salvage it from further deterioration, said its outgoing Chairman Khondker Ibrahim Khaled.

The former deputy governor of the central bank handed in his resignation letter on Sunday to both the High Court, which appointed him at the NBFI, and the Bangladesh Bank citing health reasons.

“I am not appropriate person to improve the financial health of the non-bank financial institution,” he told The Daily Star yesterday.

“There has been no banking or management crisis at ILFSL. The crisis stemmed from money embezzlement,” he said.

The High Court appointed Khaled as chairman of ILFSL on January 19 and he assumed the post on February 5.

The appointment came after seven depositors of the NBFI filed a petition with it to get back their money.

“The financial health of ILFSL has been deteriorating since 2016 once Prasanta Kumar Haldar bought huge number of shares to establish control over the company,” Khaled said.