HBM Iqbal resigns after 26 years as Premier Bank chairman
After leading Premier Bank as chairman for 26 years, HBM Iqbal stepped down in January this year from the role at the private commercial bank he co-founded in 1999.
Iqbal, a former Awami League lawmaker, and his son Moin Iqbal, vice chairman of the bank, submitted their resignations on January 12 this year, which the bank's board approved in a meeting held two days later.
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However, Mohammad Imran Iqbal, another son of HBM Iqbal and a director of the bank, has been appointed as the new chairman, ensuring the continuation of the family's influence over the institution.
A senior Bangladesh Bank official, seeking anonymity, confirmed to The Daily Star the information regarding the resignations and the appointment of the new chairman.
Additionally, other nominated and preferred directors linked to the Iqbal family have remained in key positions within the bank.
There have been allegations against HBM Iqbal regarding unethical and illegal financial gains from the bank during his long tenure.
Accusations include leasing the bank's head office and branches in properties owned by him and securing loans under false names.
HBM Iqbal -- also the founding chairperson of Premier Group of Companies Ltd -- and several members of his family have reportedly left Bangladesh after the fall of the Awami League government due to the July uprising.
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