REHAB president's post declared vacant over loan default
The notification was sent to relevant authorities.
The Ministry of Commerce has declared vacant the post of Real Estate and Housing Association of Bangladesh (REHAB) president, removing Md Ali Afzal from the position after a Bangladesh Bank report identified him as a loan defaulter.
A notification to this effect was issued today (14 September), signed by Choudhury Samiya Yesmin, deputy secretary of the ministry's Trade Organisation-2 branch.
According to the notification, a Bangladesh Bank Credit Information Bureau (CIB) report identified Ali Afzal as a loan defaulter in his capacity as a director of a defaulting company.
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Following the finding, his position as REHAB president was declared vacant under Section 23(1)(b) of the Trade Organisations Act, 2022, it said.
The notification was sent to relevant authorities, including the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and REHAB, and published on the Ministry of Commerce website.
