Published: 12:37 AM, 06 February 2026 Last Update: 12:44 AM, 06 February 2026
Attempts on to gobble up Navana Pharmaceuticals
Allegations have glared up that some unscrupulous individuals including Adnan Imam, Anisuzzaman and their cohorts are making vicious attempts to usurp Navana Pharmaceuticals PLC by applying diabolical tricks and abusing muscle power. As a result a lot of restless circumstances are going on inside the company. Officials and all staff members of Navana Pharmaceuticals PLC are suffering from panic and worries for this reason. Navana Pharmaceuticals PLC Chairman Saika Majed submitted written complaints over this phenomenon to Bangladesh Securities and Exchange Commission (BSEC) on 29 January 2026 seeking a remedy to this evil gambit.
Allegedly Adnan Imam, his younger sister Jahara Rasul, former Land Minister Saifuzzaman’s brother Anisuzzaman and his spouse Imrana Zaman resigned from director posts of Navana Pharmaceuticals PLC following the downfall of Awami League government on 5 August 2024. Saika Majed has complained that Adnan Imam and Anisuzzaman have been threatening other board members of Navana Pharmaceuticals PLC for several months. Deputy Managing Director Dr. Sayeed Ahmed has seized Company Secretary Lawrence Shaymal Mallick’s laptop, mobile phone and email ID citing technical reasons but these things have not been yet returned to Shyamal Mallick, as per the allegations stated in the above letter.
Reports have surfaced that Adnan Imam and Anisuzzaman operate all the illegal business enterprises and money laundering racket of Saifuzzaman from the Middle East and another few overseas locations. Latest updates show that police force detained DMD Dr. Sayeed Ahmed and another official named Aminul Islam from Navana Pharmaceuticals Corporate Office in Gulshan on Thursday (5 February 2026).
It may be added that Adnan Imam is a founding member and former executive committee chairman of NRBC Bank (NRB Commercial Bank PLC). He resigned from the bank's board following a series of legal and regulatory investigations. As of 27 February 2025, a Dhaka court imposed a travel ban on Adnan Imam due to allegations of illegal money transfer and stock market manipulation. Economists have commented that Navana Pharmaceuticals have a great deal of employees and it’s a reputed organization too. That’s why it’s important for top regulators like Bangladesh Bank, Finance Ministry and Bangladesh Securities and Exchange Commission to look into the allegations sharply and to go for quick actions.
Allegedly Adnan Imam, his younger sister Jahara Rasul, former Land Minister Saifuzzaman’s brother Anisuzzaman and his spouse Imrana Zaman resigned from director posts of Navana Pharmaceuticals PLC following the downfall of Awami League government on 5 August 2024. Saika Majed has complained that Adnan Imam and Anisuzzaman have been threatening other board members of Navana Pharmaceuticals PLC for several months. Deputy Managing Director Dr. Sayeed Ahmed has seized Company Secretary Lawrence Shaymal Mallick’s laptop, mobile phone and email ID citing technical reasons but these things have not been yet returned to Shyamal Mallick, as per the allegations stated in the above letter.
Reports have surfaced that Adnan Imam and Anisuzzaman operate all the illegal business enterprises and money laundering racket of Saifuzzaman from the Middle East and another few overseas locations. Latest updates show that police force detained DMD Dr. Sayeed Ahmed and another official named Aminul Islam from Navana Pharmaceuticals Corporate Office in Gulshan on Thursday (5 February 2026).
It may be added that Adnan Imam is a founding member and former executive committee chairman of NRBC Bank (NRB Commercial Bank PLC). He resigned from the bank's board following a series of legal and regulatory investigations. As of 27 February 2025, a Dhaka court imposed a travel ban on Adnan Imam due to allegations of illegal money transfer and stock market manipulation. Economists have commented that Navana Pharmaceuticals have a great deal of employees and it’s a reputed organization too. That’s why it’s important for top regulators like Bangladesh Bank, Finance Ministry and Bangladesh Securities and Exchange Commission to look into the allegations sharply and to go for quick actions.
