ILFSL submits Ibrahim Khaled’s resignation letter in HC

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Staff Reporter :
The authorities of the International Leasing and Financial Services Limited (ILFSL) have placed a report in the High Court complying with its earlier order.
In the compliance report, they annexed the resignation letter of Khondokar Ibrahim Khaled, who earlier had been appointed as an independent director
and chairman of the International Leasing and Financial Services Limited according to a High Court order.
In his letter Khondokar Ibrahim Khaled said, “Because of my aging process and failing health conditions, I am unable to bear the load and stress of work. Therefore, I hereby tender resignation from the position of independent director and chairman of ILFSL with immediate effect. As regulator, Bangladesh Bank may take necessary steps.”
Barrister Md Mahfuzur Rahman Milon submitted the compliance report on Tuesday on behalf of the ILFSL.
The High Court bench of Justice Muhammad Khurshid Alam Sarkar took hearing on the report and fixed today (Wednesday) for further hearing.
Following a petition filed by seven depositors of the ILFSL, the same High Court bench on January 19 this year imposed travel ban upon 20 persons, including all the present shareholder-directors and the top executives of the International Leasing and Financial Services Limited.
The court asked the Home Affairs Secretary to seize the passports of all those persons and to collect the detailed information about them.
Besides, the court directed the Bangladesh Bank to issue necessary directions to all the banks and financial institutions of the country asking them to freeze all the accounts of the shareholder-directors and the top executives of the ILFSL.
The concerned persons are MA Hashem (chairman), M Nurul Alam (director and managing director of Shaw Wallace Bangladesh Ltd), MD Zahirul Alam, FCA (independent director), Nasim Anwar, FCA (independent director), Bashudeb Banerjee (independent director), Papia Banarjee (independent director), Momtaz Begum (independent director), Md Nowsherul Islam (independent director), Md Anwarul Kabir (independent director) and Engineer Md Nuruzzaman (independent director).
The list also included the names of Muhammad Abul Hashem (independent director), Rashedul Haque (managing director of the company), and PK Halder and his relatives, namely, mother-Lilaboti Halder, brother- Pritish Kumar Halder, wife-Susmita Saha, cousins- Amitav Adhikari, and Avijit Adhikari, ex-managing director of Bank Asia Limited Erfanuddin Ahmed and one Uzzal Kumar Nondi.
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