The Bangladesh Financial Intelligence Unit (BFIU) has discovered anomalies worth Tk 353 crore at Sonali Life Insurance Company, accusing its former chairman Mostafa Golam Quddus and his family members of irregularities, fraud, and money laundering.

The finance ministry has appointed Md Shah Alam, additional secretary of the Financial Institutions Division (FID) as an observer to the troubled Sonali Life Insurance

Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson

Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.

The resignation comes four days after CEO's suspension

The IDRA made the order after Aman in a letter to the IDRA said Sonali Life’s board had not allowed him to enter the company's office since January 1