Seven directors quit after major shake-up in SIBL - News Summed Up

Seven directors quit after major shake-up in SIBL


Four independent directors and three sponsor directors resigned on Monday during a board meeting, SIBL Chairman Anwarul Azim Arif said on Tuesday. A senior SIBL official said the four independent directors who resigned, are Abdur Rahman, Abdul Mohit, AFM Asaduzzaman and Muinul Hasan. The three sponsor directors are Hakim Md Yousuf Harun Bhuiyan, Lily Amin and Afia Begum. On Monday, SIBL appointed nine members to the board: seven independent directors and two sponsor directors, said the SIBL official asking not to be named. United Group bought around 31 percent shares of the bank at the time and tried to take control by nominating directors for the board.


Source: bd News24 November 14, 2017 12:56 UTC


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