SK Sur Chowdhury

Last updated

SK Sur Chowdhury, born Sitangshu Kumar Chowdhury, [1] is a former deputy governor of Bangladesh Bank. [2] [3] He is the former banking reform adviser of Bangladesh Bank. [4]

Contents

Career

Chowdhury joined Bangladesh Bank, the central bank of Bangladesh, as an assistant director in May 1981. [5]

In 2007, Chowdhury was the general manager of Bangladesh Bank Chittagong. [6]

In 2012 Chowdhury was appointed deputy governor of Bangladesh Bank. [5] He led a panel that examined launching sovereign bonds in the international financial market. [7] He approved six news banks in 2013, NRBC Bank, Union Bank, South Bangla Agriculture and Commerce Bank, Midland Bank PLC., Meghna Bank, and NRB Bank. [8] In 2015, he refused to provide permission to traditional banks to engage in Islamic finance. [9] He completed his term in 2018 and was appointed reform advisor of Bangladesh Bank. [5]

Two associates of P. K. Halder had claimed Chowdhury aided them in their scam which Chowdhury denied. [10] Bangladesh Financial Intelligence Unit investigated his accounts. [11] Central Intelligence Cell found Chowdhury and his wife had evaded taxes after investigating them. [12] Following the cell's recommendation, in 2021, the National Board of Revenue ordered all banks accounts of Chowdhury and wife to be frozen. [13] He and executive director of the Bangladesh Bank Shah Alam were alleged to be involved in 25 billion BDT scam involving International Leasing and Financial Services Limited. [14] Shah Alam was removed from Bangladesh Bank. [15] In March 2021, Bangladesh High Court questioned why Chowdhury and Shah Alam had not been arrested. [16] Individual Depositors’ Forum of International Leasing also demanded their arrest. [17]

Following the fall of the Sheikh Hasina led Awami League government, the Anti-Corruption Commission asked banks to submit details on his bank accounts. [18] The Commission filed a case against Chowdhury, his wife, and daughter for not submitting their wealth statement in time in October 2024. [18] In January 2025, he was arrested from Segunbagicha and sent to jail by Dhaka Metropolitan Senior Special Judge Md Zakir Hossain. [18]

Personal life

Chowdhury is married to Suparna Sur Chowdhury. [18] They have a daughter, Nandita Sur Chowdhury. [18]

Related Research Articles

<span class="mw-page-title-main">Bangladesh Bank</span> Central bank of Bangladesh

Bangladesh Bank is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh.

<span class="mw-page-title-main">Janata Bank</span> State-owned commercial bank of Bangladesh

Janata Bank PLC. is a state-owned commercial bank of Bangladesh established in 1972. Its headquarters is situated at Motijheel in Dhaka, the capital city of Bangladesh. It is the second largest commercial bank in Bangladesh. It has 925 branches through out the country, it has also 4 overseas branches in UAE.

<span class="mw-page-title-main">Islami Bank Bangladesh</span> Shariah-based bank in Bangladesh

Islami Bank PLC., abbreviated as IBBPLC, more commonly known as Islami Bank, is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913, and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.

Jamuna Bank PLC is a commercial bank in Bangladesh registered under the Companies Act 1994. Jamuna Bank had 132 branches as of March 2019. Its head office is located at Plot No. 14, Bir Uttam A. K. Khandaker Road, Block #C, Gulshan-1, Dhaka, Bangladesh. Jamuna Bank is a third-generation private commercial bank that was established by a group of local entrepreneurs. The bank, aside from conventional services, provides Islamic banking through designated branches. The bank has real-time online banking branches.

<span class="mw-page-title-main">S. Alam Group of Industries</span> Bangladeshi industrial conglomerate

S.Alam Group is a Bangladeshi industrial conglomerate. The group is under investigation by the Government of Bangladesh for financial crime and money laundering under the shelter of the ousted Sheikh Hasina government.

<span class="mw-page-title-main">Mercantile Bank (Bangladesh)</span>

Mercantile Bank PLC is a commercial bank headquartered in Dhaka, Bangladesh.

<span class="mw-page-title-main">Social Islami Bank</span> Bangladeshi Sharia-compliant bank

Social Islami Bank PLC is a Shari'ah based Islami Bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed name to Social Islami Bank Limited. Up to October, 2021, SIBL has 172 branches including 22 AD branches, 104 subbranches & 200 agent banking outlets.

<span class="mw-page-title-main">First Security Islami Bank PLC</span> Bangladeshi bank

First Security Islami Bank PLC. is a public limited bank in Bangladesh which was founded on 29 August 1999 and provides sharia-compliant banking. Mohammed Saiful Alam, chairman of S. Alam Group of Industries, was the chairman of First Security Islami Bank Limited. The bank experienced a cash crunch in 2022 after proving large unsecured loans. The Bangladesh Bank on September 1, 2024, dissolved the board of First Security Islami Bank PLC, which was under the control of controversial S Alam Group, and appointed independent directors to the bank board.

<span class="mw-page-title-main">Bangladesh Commerce Bank</span> Private Bank in Bangladesh

Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh.

<span class="mw-page-title-main">The Premier Bank PLC.</span> Bangladeshi commercial bank

The Premier Bank PLC. is a private commercial bank with its registered office in Banani, Dhaka, Bangladesh. H. B. M. Iqbal is the Chairman Mohammad Abu Jafar has taken up the role of managing director and CEO of Premier Bank with effect from 24 April 2024.

<span class="mw-page-title-main">Padma Bank</span> Private commercial bank in Bangladesh

Padma Bank PLC. is a private commercial bank headquartered in Gulshan, Dhaka, Bangladesh. The bank was established in 2013. The fourth generation bank commenced its banking operation on June 3, 2013. By an order On January 29, 2019, Bangladesh Bank has changed the name of The Farmers Bank Limited to Padma Bank Limited after the bank failed to pay its liabilities due numerous bad loans and embezzlements.

Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and finance officer. He is known for embezzling of more than 102 billion taka, one of the biggest cases in Bangladesh. The Daily Star called him the "Sultan of Swindle".

Global Islami Bank PLC, formerly known as NRB Global Bank, is a fourth generation Bangladeshi sharia compliant private bank. Nizam Chowdhury is the chairperson of the Bank. Syed Habib Hasnat is the managing director of Global Islami Bank.

ICB Islamic Bank is a second generation commercial Islamic Bank in Bangladesh listed on the Dhaka Stock Exchange. Mr. Md. Mazibur Rahman is the managing director of ICB Islamic Bank Limited.

Union Bank PLC. is a fourth-generation private Islamic bank in Bangladesh. It is listed on the Dhaka Stock Exchange.

International Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh. Md. Nazrul Islam Khan is the chairman and Md. Kazi Alamgir is the managing director of International Leasing and Financial Services Limited. Proshanta Kumar Halder, a banker and known as "Sultan of swindle", had according to media reports embezzled 30 billion taka from the institute and according to Bangladesh Bank 15.69 billion taka. The fraud was aided Amitav Adhikary, a cousin of Proshanta Kumar Halder and senior management at International Leasing and Financial Services Limited.

People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services.

Bangladesh Industrial Finance Company Limited is a major non-bank financial institution in Bangladesh.

K. M. Emrul Kayesh is a justice of the High Court Division of the Bangladesh Supreme Court.

The Central Intelligence Cell is a specialized intelligence and investigative unit under the National Board of Revenue. Khairul Islam is the director general of the Central Intelligence Cell.

References

  1. ↑ "Ex-BB deputy governor's home raided". The Daily Star. 2025-01-20. Retrieved 2025-01-20.
  2. ↑ "Citi holds workshop on US tax compliance act". The Daily Star. 2014-01-29. Retrieved 2025-01-14.
  3. ↑ "Challenges to banks' good governance". The Daily Star. 2016-01-14. Retrieved 2025-01-14.
  4. ↑ "DU business faculty team becomes champion". The Daily Star. 2019-04-07. Retrieved 2025-01-14.
  5. 1 2 3 "SK Sur to become BB banking reform adviser". The Daily Star. 2018-02-01. Retrieved 2025-01-14.
  6. ↑ "Citibank service office opens at Ctg EPZ". archive.thedailystar.net. Retrieved 2025-01-14.
  7. ↑ "Sovereign bond plan set in motion". The Daily Star. 2013-01-08. Retrieved 2025-01-14.
  8. ↑ "New banks to get licences soon". The Daily Star. 2013-02-04. Retrieved 2025-01-14.
  9. ↑ "BB bars traditional banks from Islamic banking". The Daily Star. 2015-07-29. Retrieved 2025-01-14.
  10. ↑ "Scam allegations against me 'completely false': Sur". The Daily Star. 2021-06-22. Retrieved 2025-01-14.
  11. ↑ "BFIU seeks bank details of SK Sur, 4 others". The Daily Star. 2021-03-14. Retrieved 2025-01-14.
  12. ↑ "ACC seeks bank account details of SK Sur, family". The Daily Star. 2023-09-01. Retrieved 2023-10-15.
  13. ↑ "Banks asked to freeze accounts of ex-Bangladesh Bank deputy governor, spouse". The Daily Star. 2021-07-07. Retrieved 2023-10-15.
  14. ↑ "Tk 2,500 crore scam: Ex-BB high-ups spill the beans". The Daily Star. 2022-03-30. Retrieved 2025-01-14.
  15. ↑ "ACC seeks bank account details of SK Sur, family". The Daily Star. 2023-09-01. Retrieved 2025-01-14.
  16. ↑ "Assisting PK Halder: HC asks why SK Sur Chowdhury, Shah Alam not arrested yet". The Daily Star. 2021-03-15. Retrieved 2025-01-14.
  17. ↑ "ILFSL depositors demand punishment of SK Sur Chowdhury, Shah Alam". The Daily Star. 2024-11-11. Retrieved 2025-01-14.
  18. 1 2 3 4 5 "Former Bangladesh Bank deputy governor SK Sur arrested, sent to jail". The Daily Star. 2025-01-14. Retrieved 2025-01-14.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.