Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, July 16, 2018 02:35:12 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

7 directors quit after major shake-up in SIBL

By Special Correspondent
15th-Nov-2017       
Comments
Share your thought
Post a comment »
Read all () »

Seven directors of the Social Islami Bank Limited (SIBL) resigned from their posts reportedly under pressure on Tuesday.
Among them, four were independent directors while three others shareholder directors of the bank.  Their names could not be known immediately.
The directors stepped down from their posts citing "personal ground."
The changes looked visible after a board meeting of the bank held on Monday, the bank sources said. Besides, nine new directors -- seven independent and two shareholders - have also been appointed by this time.
Earlier on October 30, SIBL Board Chairman Md Rezaul Haque, its executive committee Chairman Md Anisul Hoque and Managing Director Shahid Hossain were reportedly forced to resign their posts at a brief meeting after S Alam Group, a Chittagong based conglomerate, took over 50 per cent stakes in the bank.
The same day, SIBL named new Board chairman, executive committee chairman and managing director.
Former Chittagong University Vice-Chancellor Anwarul Azim Arif and NRB Global Bank Vice Chairman Belal Ahmed were appointed new chairman and executive committee chairman of the bank's board respectively.
Besides, First Security Islami Bank's Additional Managing Director Quazi Osman Ali has been appointed managing director of the bank.
The decision to remove the top three of the senior management and the announcement of their replacements was made at a closed-door meeting of the bank's board of directors in The Westin Hotel in Dhaka under tight security.
Sources said that the departing chairman, executive committee chairman and managing director were not present at the board meeting where the decision was taken in presence of S Alam Group Chairman Saiful Islam.  "The departing chairman, executive committee chairman and managing director were prevented from attending the meeting and the change was made forcibly," a director of the bank told The New Nation seeking anonymity.
On January 5, changes have been brought in the top-level management posts of the Islami Bank Bangladesh Limited (IBBL) following abrupt resignation by the bank's chairman, vice-chairman and managing director.
The management change was allegedly being backed by the S Alam Group that bought up major shares of the banks.
Following the change, a number of foreign investors sold their shares in IBBL, which were allegedly bought by S Alam Group. As of September this year, S Alam Group owns 25 per cent of the shares of IBBL. Furthermore, the current IBBL chairman, who was appointed at the time, is a representative of Armada Spinning Mills, also allegedly a sister concern of S Alam Group.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Nobody could enjoy freedom to foil peaceful movement of students


ONCE again, the activists of Bangladesh Chhatra League (BCL) yesterday assaulted some students and teachers of Dhaka University to foil their human chain programme at Central Shaheed Minar demanding release of three quota reformists. The reformist leaders Jashim and Moshiur were shown arrested in a case filed for the attack ...

City »

HT Imam, Political Adviser to the Prime Minister was present as Chief Guest at a discussion meeting marking the 2oth founding anniversary of the Ministry of CHT Affairs at Cirdap Auditorium yesterday.


International »

N Korea, US hold talks on war dead repatriation


AFP, Seoul :North Korean and US military officials met at the inter-Korea border Sunday to discuss repatriation of the remains of American troops killed during the Korean War, a report said.Returning the remains of the US soldiers who perished during the 1950-53 conflict was part of a deal signed by ...

Football »

Belgium players celebrate after Thomas Meunier`s goal gave them an early lead in the third-place playoff against England.


Sports »

After baby steps, Serena plans giant leap in Wimbledon final


Serena Williams was reduced to tears by her daughter Olympia's first steps at Wimbledon, but now the seven-time champion is planning a giant leap of her own in Saturday's final against Angelique Kerber.Just 10 months after giving birth, Williams can complete an incredible comeback as she bids to become the ...

Editorial »

UN-Myanmar deal cannot remain secret : We must not undermine UN efforts


The Transparency International Bangladesh (TIB) on Monday claimed that a secret deal has signed between the United Nations and Myanmar over repatriation of Rohingyas staying in Bangladesh. The Memorandum of Understanding was signed between the Myanmar government and UN's two offices -- UNDP and UNHCR. TIB somehow seems not happy ...

International »

White House official who favored more refugee admissions is out


Reuters, Washington :A White House official who supported higher numbers of refugee admissions to the United States and clashed with immigration hard-liners in the Trump administration left her position on Thursday, two U.S. officials with knowledge of the departure said.Jennifer Arangio, a senior director at the White House National Security ...

City »

International Society for Krishna Consciouness brough out a rally in the city on Saturday on the occasion of Rathyatra, a religious festival of the Hindu Community.


Entertainment »

Kajol has an interesting role in Helicopter Eela


Three years after her last release Dilwale, Kajol is all set to return to the big screen after with Pradeep Sarkar's Helicopter Eela. The actress will be seen playing a possessive mother in the film. She gives up her dream of becoming a singer to raise her only child. Her ...

Editorial »

Treatment of Lord Carlile revealed lack of confidence


A BRITISH parliamentarian, lawyer and also the counsel for jailed opposition leader Khaleda Zia, Alex Carlile was denied entry to India as he wanted to address a press conference at a meeting of a human rights body in Delhi.While explaining the entry rejection, the Indian Foreign Ministry sources said Carlile's ...

Football »

Era Istrefi, Will Smith and Nicky Jam pose with the World Cup trophy at a press conference during the 2018 FIFA World Cup at Luzhniki Stadium in Moscow, Russia on Friday.


.

Entertainment »

Aishwarya Rai Bachchan and Priyanka Chopra`s catfight continues


Looks like the rivalry between Aishwarya Rai Bachchan and Priyanka Chopra is not going to stop anytime soon. The oldest competitors who started off their career in a similar manner post receiving the title of Miss World have found another medium to compete. After spreading their magic on International grounds, ...

International »

Trump torpedoes May`s Brexit strategy on UK visit


AFP, London :US President Donald Trump launched an extraordinary attack on Prime Minister Theresa May's Brexit strategy, plunging the transatlantic "special relationship" to a new low as they prepared to meet Friday on the second day of his tumultuous trip to Britain.In an interview conducted before he began his visit, ...

City »

Non-Government Employees Union in Government Colleges formed a human chain in front of the Jatiya Press Club on Friday demanding nationalization of services of non-government employees in Government colleges.


.

Editorial »

Govt must take prompt action to end the uncertainity over LNG


WE became very happy when American company Excelerate Energy's Floating Storage and Regasification Unit (FSRU) 'Excellence' arrived at Moheshkhali deep sea on April 23 bringing 0.65 million tone liquid gas from Qatar. The $180 million project was co-developed by Petrobangla, Excelerate Energy and the International Finance Corporation, a member of ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news