IB Vice Chairman Parvez claims most directors support him

Posted by BankInfo on Mon, May 22 2017 06:27 am

 

Islami Bank’s Vice Chairman Syed Ahsanul Alam Parvez has claimed most of the bank’s directors support him in his battle against Chairman Arastoo Khan and said they will resign if he is forced to step down, reports bdnews24.com
 A joint statement was released to the media by Parvez, a Chittagong University professor, and several members of the board on Saturday amid his public feud with Khan.

Nine of the 21 members of the board have signed the statement, said Parvez, an independent director. Three others are currently abroad, but have expressed their support for the statement, he added.

The boardroom battle in the country’s largest bank and alleged financial backbone of Jamaat-e-Islami went public due to Parvez’s Facebook post on May 11.

In January, former secretary Khan was made the chairman of the bank and Parvez was reassigned as its vice-chairman after the bank ousted the old guard and recast the board in an attempt by the government to wrest control.

According to Parvez, Jamaat supporters had coalesced their support in the bank and could break the government’s informal reform initiative.

 news:new 24.com/21-may-2017
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