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GB chairman quits
[Bangla Daily Star] Mired in controversy, the government-appointed Chairman of Grameen Bank, Khondaker Muzammel Huq, has resigned, a finance ministry official confirmed.Huq submitted his resignation to Finance Minister AMA Muhith on Monday and cited personal reasons for his resignation, the source informed with The Daily Star. Under media focus since his appointment following the government's removal of Dr Muhammad Yunus as the managing director of the Nobel Prize winning microlender, Huq hit newspaper headlines many times for controversial moves that many experts deemed unwarranted and harmful to GB. In September last year, he formed a five-member committee without consulting the bank's nine borrower-directors, to appoint a managing director for the GB. A recent move to advise the government to restructure the most successful microcredit organization of the country also earned the authorities strong flak. Huq recently kicked up controversy again by saying that an amount of Tk 10,000 crore was supposed to be transferred from Grameenphone to Grameen Bank but the money never came. Posted by: Fred 2013-08-08 |
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