Mr. Cabrera said that Ms. Alfonso has always been an obstacle in negotiations between the Union and the Bank.
CLICK TO PLAY AUDIO
Ms. Alfonso declined to return for re-election as Chairman at yesterday’s FCB Annual General Meeting held at the National Academy of Performing Arts.
Three other directors, Rishi Baddaloo, Shobee Jacelon and Marlene Juman were voted out of office by the Corporation Sole when their re-election was put to shareholders
The Mnisistry of Finance which has 80 per cent of the vote backed the shareholders to their surprise.
Permanent Secretary of the Ministry of Finance, Vishnu Dhanpaul requested the bank hold a special AGM within 30 days to determine new directors.
Mr. Cabrera insisted that the entire Board needed to be replaced.