Writ challenges 5 banks merger decision

A writ was filed on Tuesday challenging the decision to merger five troubled Shariah-based banks.

Barrister Mahsib Hossain on behalf of investor Shahidul Islam submitted the writ.

The five banks are First Security Islami, Union, Global Islami, Social Islami and EXIM.

Bangladesh Bank Govornor and finance secretary among the concerned have been made respondents.

The Advisers Council approved the merger decision on October 9.