Barrister Kamal Ul Alam, also a Senior Supreme Court lawyer, has resigned from the post of the chairman of the Board of Directors of non-bank financial institution People’s Leasing and Financial Services Limited (PLFSL).
He resigned from the post citing health grounds, said Barrister Mejbahur Rahman, a counsel for the PLFSL, adding that his resignation letter would be submitted in the High Court very soon.
After deciding to revive the PLFSL instead of winding it up the High Court on June 28 in 2021 formed a new 10-member Board of Directors for the institution in where Barrister Kamal Ul Alam was appointed as the chairman of the board.
The court also appointed Anwarul Islam Sikder, former secretary to the government, Hasan Shaheed Ferdous, a retired senior district and sessions judge, Abdul Halim Chowdhury, former managing director of the Pubali Bank Ltd, Brigadier General (retired) Kazi Taufiqul Islam, Noor-E Khoda Abdul Mobin, an FCA as the member of the board.
The list also included the names of Mowla Mohammad, an FCA, Dr Nashid Kamal, a representative of the depositors, Dr Nurul Kabir, chairman of the Finance department of the North South University and Mohammad Jalal Uddin, former managing director of Ansar VDP Unnayan Bank.
Following a petition filed by 201 depositors of the PLFSL to revive or reconstruction of the institution, the High Court bench of Justice Muhammad Khurshid Alam Sarkar formed the new body.
Before passing the order the judge said that he had held an online meeting with Bangladesh Bank (BB) governor, security and exchange commission (SEC) chairman and anti-corruption commission (ACC) chairman in where BB governor opined that they had no objection if any initiative is taken to revive PLFSL.
