Search This Blog

City Bank postpones AGM as shareholders run amok

City Bank Limited on Wednesday postponed its 28th annual general meeting scheduled to be held at 12:00 noon at the city's Bangabandhu International Conference Centre as some shareholders began to run amok and vandalised the furniture at the venue protesting at an alleged 'lack of entry coupons'.

Witnesses said the furore began in the morning as hundreds of shareholders started to jostle for entry coupons at 10 counters set up at the entrances to the meeting venue.

The event organisers struggled hard to provide around 15,000 shareholders with entry coupons from only 10 counters.

The Sher-e-Bangla Nagar police confirmed the incident and said no case was filed in this connection and no one was held. 

The City Bank in a post on the Dhaka Stock Exchange website said, 'Due to the unruly behaviour and vandalism [of] some unidentified miscreants, the 28th AGM of the Bank scheduled to be held today (22.06.11) at 12:00 noon could not be held as the situation went beyond control despite the support [of] law-enforcing agencies.'

The board of the bank in an emergency meeting decided to postpone the AGM and to notify the new date, time, and venue of the AGM to all concerned in due course, the post added.

Source : New Age