IDRA Chairman Mosharraf resigns
Corporates
Dr M Mosharraf Hossain, chairman of the Insurance Development and Regulatory Authority (IDRA), has resigned following anti-corruption allegations against him.
Mosharraf submitted his resignation letter to the Financial Institutions Division (FID) of the finance ministry at 10am on Wednesday, confirmed FID Secretary Sheikh Mohammad Salim Ullah.
The Anti-corruption Commission (ACC), earlier this month, served Mosharraf a notice to submit the wealth statements of himself and his family members within 21 working days.
Previously, the Bangladesh Financial Intelligence Unit informed the ACC that they found around Tk42 crore to have been deposited in some bank accounts of Mosharraf, his family members and firms in the last few years.
The ACC suspects that Mosharraf amassed the wealth by abusing his post at the insurance regulator.
Mosharraf, a chartered accountant having over two-decades of experience in insurance and investment industries, joined the IDRA as a member in 2018 and later he was promoted as its chairman in 2020.
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