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Tag: chairman

J&K Bank chairman Parvez Ahmad removed, Vigilance raids Bank headquarters

J&K Bank chairman Parvez Ahmad removed, Vigilance raids Bank headquarters

Finance
Jammu and Kashmir government on Saturday removed Parvez Ahmad as chairman cum managing director of the bank and appointed R K Chibber as interim chairman and managing director of the bank. Soon after the decision was made public state vigilance department raided Bank’s headquarters in Srinagar, which was continuing till the last reports came in. The timing of Ahmad’s removal--who was appointed by the PDP-BJP government in October 2016 and shown the exit door five months before completing the term--and vigilance raid has triggered many speculation regarding internal functioning and future of the bank. Chibber, who has served as chairman Grameen Bank and was one of the executive presidents of the J&K bank, would be the first non-Kashmiri to hold the position of chairman in the Bank. The
Man City chairman Khaldoon Al Mubarak says some rivals are ‘jealous’

Man City chairman Khaldoon Al Mubarak says some rivals are ‘jealous’

Sports
Manchester City chairman Khaldoon Al Mubarak says some of their rivals are jealous of the club's success.City became the first English side to win a domestic treble when they beat Watford 6-0 in the FA Cup final, yet the achievement has been accompanied by criticism of the amount it has cost to put Pep Guardiola's squad together. However, in his annual assessment of the campaign on City's internal media, Mubarak said he will not accept his club "being used as a diversionary tactic on poor investment decisions". Premier League champions City do not have a player in the top 10 most expensive signings. English rivals Manchester United have two - £89m Paul Pogba and Romelu Lukaku, bought for an i
Manchester City chairman Khaldoon Al-Mubarak hits back at claims by LaLiga president that Citizens are damaging European football

Manchester City chairman Khaldoon Al-Mubarak hits back at claims by LaLiga president that Citizens are damaging European football

Sports
Manchester City chairman Khaldoon Al-Mubarak has launched a furious defence of the club’s spending and accused LaLiga president Javier Tebas of ‘hypocrisy’.Tebas, said last week that City were damaging European football by driving up player prices with their ‘state sponsored’ cash reserves. Getty Tebas has been very vocal in his criticism of Manchester City’s spending He went onto say that City, along with French giants Paris Saint-Germain of being ‘run off petrol-money, one off gas’. However, Al-Mubarak responded to Tebas’ accusations, telling CityTV: “He talks about how we distorted the market? There is a hypocrisy in this statement that is ironic. “Number one, let’s look at the Spanish league, the time of breaking records on player acquisitions. I mean,
Ex-Nissan Chairman Carlos Ghosen indicted for breach of trust

Ex-Nissan Chairman Carlos Ghosen indicted for breach of trust

World
Jan. 11 (UPI) -- Former Nissan Motors Co. Chairman Carlos Ghosn was indicted on new financial charges Friday in a Tokyo court. Ghosn, 64, was charged with aggravated breach of trust for allegedly transferring $ 17 million in personal investment losses to Nissan in 2008 as well understating his compensation by $ 37 million for three years through March 2018, the Nikkei Asian Review reported. Last month, he was indicted for underreporting his pay by around $ 46 million between 2010 and 2015. Ghosn has been in jail since his arrest on Nov. 19 at Tokyo's Haneda airport. Nissan dismissed Ghosn as chairman shortly after his arrest, but he remains chairman and CEO of Renault, which is the largest shareholder and partner of Nissan. The French company has assigned his duties to other executives. ...
Ghosn sacked as Mitsubishi Motors chairman

Ghosn sacked as Mitsubishi Motors chairman

Business
Carlos Ghosn has been sacked as chairman of Mitsubishi Motors after his arrest in Japan over misconduct claims.It follows a similar move by Nissan last week amid claims he falsely understated his salary and used company money for personal gain.Mr Ghosn, who headed an alliance of Renault, Nissan and Mitsubishi, has denied the allegations, according to media reports in Japan.He remains in detention and has not spoken publicly about the affair."During today's board meeting, it was decided that he is dismissed as chairman," the company said in a short statement. Brazil-born Mr Ghosn, aged 64, was the architect of the Renault-Nissan alliance, and brought Mitsubishi on board in 2016.He was credited with helping to stabilise the company after it was rocked by a ...