Three new directors have been appointed at AB Bank Limited board at its annual general meeting (AGM), held in the capital on Thursday.
The newly-appointed directors of the private commercial bank (PCB) are - Moshtaque Ahmed Chowdhury, Shajir Ahmed and Shireen Scheik Mainuddin, said Mahadev Sarker Sumon, AB Bank company secretary.
On the other hand, M Wahidul Haque, outgoing chairman of the bank, Salim Ahmed, outgoing vice-chairman, and Faheemul Huq, an outgoing director, went to retirement after completing their tenures in line with the existing Banking Companies Act, according to him.
"It's not a matter of resignation. Directorship of any bank automatically comes to an end after completing two consecutive tenures," said Mr Mahadev while replying to a query.
New chairman and vice-chairman of the bank will be elected in the next board meeting. It will be called after receiving no-objection certificates about the newly-appointed directors from the Bangladesh Bank (BB), he further added.
The latest change came at AB Bank, one of the oldest PCBs, against the backdrop of alleged involvement of some of its high-ups in laundering around Tk 1.65 billion.
Currently, Anti-Corruption Commission (ACC) is probing the money laundering allegation against the bank's suspected officials.
"An ACC probe committee is now working on the issue," Pranab Kumar Bhattacharya, Public Relations Officer of ACC, told the FE.
On the other hand, the central bank is closely watching the latest developments in the PCB.
When contacted, a senior official of BB said the top management will have to improve financial health of the bank through ensuring good governance and internal compliance.
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