Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 331 Wed. May 04, 2005  
   
Business


Hafiz Ibrahim loses Rupali Bank directorship


The central bank has declared the directorship of Hafiz Ibrahim on the board of Rupali Bank Limited vacant.

In a letter, dated April 28, to the chairman of the Board of Directors of the bank, the central bank explained that the re-election of Ibrahim as the bank's director for the third time is not legal as per the Bank Company Act, 1991.

The board can appoint a person eligible for the directorship in the vacant post temporarily until the next annual general meeting is held, the Bangladesh Bank also mentioned in the letter.