, Jan. 13 -- Finance Adviser Dr Salehuddin Ahmed on Tuesday said the auditors of five banks whose shares have recently been reduced to zero would face action, as the government is examining the context in which shareholders had purchased those shares.

The banks are First Security Islami Bank, Social Islami Bank Limited (SIBL), EXIM Bank, Global Islami Bank and Union Bank.

Talking to reporters after a meeting of the Advisory Committee on Government Purchase and Economic Affairs at the Secretariat, Dr Salehuddin said the authorities are scrutinising the circumstances under which shareholders invested in these banks.

"We are examining in what context the shareholders bought the shares. And yes, action will be taken against the auditors of...