# Failed to achieve the target in the previous workplace
# BBA and MBA degrees from unapproved universities
# Graduation and postgraduate passed in the same session!
# Allegations of bribery of Tk 40 lakh to get CEO post
IDRA appointed him after scrutinizing all his documents. However, after further scrutiny, it can be confirmed
- Jahangir Alam, Spokesperson, IDRA
The University of Comilla does not have approval, there is no opportunity to work using the certificate of this institution
- Omar Faruque, Director, UGC
Muhammad Saidul Amin has been appointed as the Chief Executive Officer (CEO) of Progressive Life Insurance Limited, a listed insurance company in the stock market. The Insurance Development and Regulatory Authority (IDRA) has approved his appointment despite questions about his certificates.
One is the National University and the other is the controversial private university The University of Comilla. It has also been alleged that he has made huge financial transactions with the regulatory body IDRA to get appointed as CEO.
In the previous company, the company has failed to manage the company and achieve business targets. The board authorities asked him to resign after the issue of certificate fraud in his previous workplace Mercantile Life Insurance was revealed. Earlier, the fraud came to light before his appointment as CEO of Mercantile Life Insurance Company was approved. How can such a person be appointed CEO when there is evidence of clear fraud? Insurance officials have raised questions about it!
Saidul Amin joined Progressive Life Insurance on November 23 last year. The IDRA approved it in March 2024 following an application by the Progressive Insurance Authority. He is taking a monthly salary of Tk 3 lakh 30 thousand.
Analyzing the education certificate of Muhammad Saidul Amin of The University of Comilla, it was found that according to the Bachelor of Business Administration or BBA certificate, he passed CGPA 3.48 from the Marketing Department in 2001. The certificate was issued on January 23, 2002. The ID/roll mentioned in the certificate is 981919. It is not well confirmed as the place of the roll number is unclear in the certificate submitted to IDRA. The registration number mentioned is 9819. The serial number of the certificate is 98.
Muhammad Saidul Amin completed his Masters of Business Administration (MBA) from the same university in 2002. He got 3.63 in the marketing department. His certificate was issued on January 23, 2004. Questions have also been raised about the date of the issue of the two certificates.
Information about whether the university has approval is sought. An analysis of the website of the University Grants Commission (UGC) of Bangladesh shows that the UGC closed the academic activities of the private university in 2006 due to non-compliance of the law, administrative mismanagement, financial impropriety and substandard education system. Later, the university authorities filed a writ petition in the High Court against the closure order of the government, whose writ petition no-1671/2014. After almost a decade, the court verdict went in favor of the educational activities of the institution, but due to various complexities, it did not get permission from UGC. As a result, the educational activities of the university are still suspended.
Md Omar Faruque, director of UGC's private university branch, told The Daily Post that the University of Comilla does not have approval, so the certificate that will be issued from here is fake. There is no opportunity to work using the certificate of this organization.
Meanwhile, it has been learned that Saidul Amin could not perform well in the previous workplace. He showed inefficiency in running the company and could not meet the business target. Due to incompetence and inefficiency, he was forced to leave the job from his previous workplace Mercantile Islami Life Insurance. It is learned that he had resorted to various lobbying and tricks to get appointed as the chief executive.
An official of the company has sent letters to the Finance Ministry and even the Prime Minister's Office about his misdeeds. The officer was not named for security reasons. According to the letter, Saidul Amin made transactions of around Tk 40 lakh with some officials of the regulatory body IDRA to get appointed as CEO. The letter also highlighted the forgery of his certificate.
Before joining Mercantile Islami Life Insurance Limited, he mentioned BA pass in the CV submitted to the company where he worked. His education certificate also came in the hands of The Daily Post. He completed his graduation from the Department of Chemistry in 1994-95 session from the then Government Jagannath College under the National University. He took the test in 1997. The certificate was issued on January 4, 2000. According to the certificate, his roll number is 15765.
Muhammad Saidul Amin also did his post-graduation in the 1994-95 session. He passed the second class from the Department of Chemistry from Government Jagannath College under the National University. However, it is not clear when his certificate was issued. Because the certificate received has been rubbed in several places. His roll number in this certificate is 37486. He took the test in 1998. And the pass year has been shown in 2001.
However, the sectors concerned are expressing 'doubts' about the two certificates. The IDRA, the regulatory body of the insurance sector, cannot keep 'confidence' in his education certificate. For this, the certificate verification process has started.
According to educationists, there is no chance of passing graduation and post-graduation in the same session. The Daily Post contacted a senior official of the National University to verify the validity of Saidul Amin's two certificates. The official, who did not want to be named, said a student cannot be admitted to Honors and Masters in the same session. Therefore, it is generally understood that this certificate is not correct.
However, the IDRA could not trust his certificate and started the verification process. As part of this, IDRA also sent a letter to the chief executive of Fareast Islami Life Insurance Company Limited, the previous workplace of Muhammad Saidul Amin, on June 11 last year.
The letter, signed by Md Abdul Majid, director (deputy secretary) of Fareast Islami Life Insurance Company Limited, said the authority needs to verify the authenticity of the educational qualification certificate of Muhammad Saidul Amin, former SEVP of Fareast Islami Life Insurance Company Limited. To this end, IDRA has given three working days to send all educational qualification certificates and biographical documents submitted to the authorities at the time of appointment of Muhammad Saidul Amin in Fareast Islami Life Insurance Company.
Meanwhile, The University of Comilla has been controversial for certificate trade from the beginning. The UGC of Bangladesh, the regulatory body of the universities, declared the university's charter illegal since 2006.
In a notification last year, the UGC said about The University of Comilla, this university got the approval of the government in 1995. But the government closed it in 2006 due to non-compliance with the law.
IDRA spokesman Jahangir Alam told The Daily Post that IDRA made the appointment after scrutinizing all its documents. Still, after further verification, it can be talked about for sure.
Saidul Amin's mobile phone number was called several times to know about these allegations, he also received the calls. But when asked about the allegations, he said is in a meeting, talked about it later, and disconnected the mobile phone.
ZH
