Special Correspondent :
AB Bank Chairman M Wahidul Haque, Vice-Chairman Salim Ahmed and Director Faheemul Huq have resigned from the board of directors amid rumours of takeover of the private bank by a Chittagong-based business group.
They tendered their resignation at the Bank’s annual general meeting (AGM) held at the Hotel Le Meridein in Dhaka on Thursday.
The AGM of the bank was held after shifting dates and venue for several times.
Resignations of Wahidul Haque, Salim Ahmed and Faheemul were accepted at the meeting. The meeting also appointed three new directors replacing them.
The new directors are Moshtaque Ahmed Chowdhury, Nazir Ahmed and Sheikh Shirin.
The bank also restructured its vital committees at the meeting, officials concerned told The New Nation in the evening.
Former Foreign Minister of the BNP government M Morshed Khan, who held 25 per cent shares of the bank, and his son Faisal Morshed Khan were present at the meeting.
Wahidul Haque did not attend the meeting citing health ground.
“I have resigned at the end of my term,” Haque told The New Nation.
M Wahidul Haque joined the Board of Directors of AB Bank on December 12, 2007 as Director. He was unanimously elected as the Chairman of the Board of Directors in July 2008. He has held the post since.
Soon after the resignation of Wahidul Haque and Salim Ahmed, the board of the bank made MA Awal and Firoze Ahmed Chairman and Vice-Chairman respectively.
A central bank investigation recently detected Tk 165 crore money-laundering scam in the bank. The money was laundered to the United Arab Emirates (UAE) through two shady organisations in the name of investment.
AB Bank Chairman M Wahidul Haque, two ex-managing directors M Fazlur Rahman and Shamim Ahmed Chaudhury, and its former head of financial institutions and treasury Abu Hena Mustafa Kamal were directly involved in laundering the money, says the central bank report.
AB Bank Chairman M Wahidul Haque, Vice-Chairman Salim Ahmed and Director Faheemul Huq have resigned from the board of directors amid rumours of takeover of the private bank by a Chittagong-based business group.
They tendered their resignation at the Bank’s annual general meeting (AGM) held at the Hotel Le Meridein in Dhaka on Thursday.
The AGM of the bank was held after shifting dates and venue for several times.
Resignations of Wahidul Haque, Salim Ahmed and Faheemul were accepted at the meeting. The meeting also appointed three new directors replacing them.
The new directors are Moshtaque Ahmed Chowdhury, Nazir Ahmed and Sheikh Shirin.
The bank also restructured its vital committees at the meeting, officials concerned told The New Nation in the evening.
Former Foreign Minister of the BNP government M Morshed Khan, who held 25 per cent shares of the bank, and his son Faisal Morshed Khan were present at the meeting.
Wahidul Haque did not attend the meeting citing health ground.
“I have resigned at the end of my term,” Haque told The New Nation.
M Wahidul Haque joined the Board of Directors of AB Bank on December 12, 2007 as Director. He was unanimously elected as the Chairman of the Board of Directors in July 2008. He has held the post since.
Soon after the resignation of Wahidul Haque and Salim Ahmed, the board of the bank made MA Awal and Firoze Ahmed Chairman and Vice-Chairman respectively.
A central bank investigation recently detected Tk 165 crore money-laundering scam in the bank. The money was laundered to the United Arab Emirates (UAE) through two shady organisations in the name of investment.
AB Bank Chairman M Wahidul Haque, two ex-managing directors M Fazlur Rahman and Shamim Ahmed Chaudhury, and its former head of financial institutions and treasury Abu Hena Mustafa Kamal were directly involved in laundering the money, says the central bank report.
