The commerce ministry on Wednesday sent information on the contestants in the forthcoming elections of Federation of Bangladesh Chambers of Commerce and Industry to the Bangladesh Bank for credit bureau information check.
The elections to the FBCCI board for the year 2021-2023 are scheduled to be held on May 5.
As per the FBCCI memorandum of articles, loan defaulters are not eligible to participate in the trade body’s elections.
The ministry’s letter said, ‘As participation of loan defaulters is prohibited in the FBCCI’s elections, verification of the candidates’ CIB is required before the elections.’
A BB official said that the central bank would check CIB status as per the database of the candidates provided to them and inform the commerce ministry accordingly on the CIB status.
The commerce ministry will then take measures about the candidature, he said.
As per the rules, the general body members of the trade body elect 32 directors while 20 directors are nominated by the government.
All the elected and nominated directors elect the president and the vice-presidents of the apex trade body.
On February 14, the FBCCI announced election schedule, setting March 31 as the last date for submitting the nomination for the post of directors.
In 2019, Sheikh Fazle Fahim-led board of Federation of Bangladesh Chambers of Commerce and Industry was elected for the two-year term (2019-2021) without facing any voting.
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