Bobb quits as CL Chairman, Sultan-Khan takes over

Dr Euric Bobb has resigned as chairman of CL Financial within days of denying that he had quit.

The former Central Bank governor, who lives in Washington, D.C., was recently appointed by Government and CL Financial to lead the conglomerate out of a billion-dollar meltdown.He

Read the story: T&T Government gives bailout to CL Financial

He remains a member of the CL board, which will now be chaired by Shafeek Sultan-Khan, who also holds the post of chairman of the Water and Sewerage Authority.

CL Financial approached the Government for a financial help in January and was able to secure a billion-dollar rescue package.

Last Friday, Chaguanas West MP Jack Warner told the House of Representatives that Bobb had resigned. He said he was informed by "A little birdie".

But Bobb subsequently denied that he had resigned.

Read the story: Euric Bobb says he's still chairman of CL