Dhaka, April 21 -- Bangladesh Bank has removed Mohammad Emdadul Islam as managing director of International Leasing and Financial Services Ltd, an institution closely associated with the financial irregularities linked to disgraced businessman Prashanta Kumar Halder, better known as PK Halder.

The central bank said the action was taken over allegations of irregularities at Emdadul's previous workplace and for submitting a false affidavit by concealing those matters.

The order was issued in a letter on Monday by Bangladesh Bank's Financial Institutions and Markets Department.

According to the letter, he was "removed with immediate effect" under Section 19 of the Finance Company Act, 2023.

International Leasing was also instructed to ta...