IFIC, SIBL employees, shareholders protest

Business Report :

Employees of International Finance Investment and Commerce (IFIC Bank PLC) have staged a significant protest demanding the resignation of the bank’s Chairman, Salman F Rahman, along with all directors of Beximco, including his son. Additionally, shareholders of Social Islami Bank LTD (SIBL) demanded the dissolution of the board and the transfer of management to its rightful owner.

On Sunday, August 11, nearly 200 officials and staff members participated in the demonstration at the IFIC Bank’s headquarters.

Another demand made by the IFIC protestors was the reinstatement of workers who were reportedly wrongfully fired under the administration of former Managing Director Shah A Sorrowar.

Protesters claimed that Salman F Rahman had embezzled billions of Taka from the bank and that Shah A Sorrowar had pressured numerous employees to resign.
The protestors presented a nine-point list of demands.
Nine-point demands
Employees who were forced to resign must be reinstated immediately. Those who have surpassed retirement age should be provided with promotions and increments, and all dues should be cleared.

Former MD (now Advisor) Shah A Sorrowar and his associates, alleged to be involved in corruption, should be dismissed and brought to justice.

Employees who have not received promotions for a long time should be promoted to higher grades.
The performance bonus system should be abolished, and every employee should receive an annual profit bonus according to their basic salary.