Bangladesh, Nov. 10 -- Shamim Islam, managing director of Jamuna Group, has been elected president of the Bangladesh Textile Mills Association (BTMA).

Advertisement He replaces Showkat Aziz Russell, who was released from the post on Tuesday after a letter from the commerce ministry.

The change came the same day the High Court granted Russell six months' bail in a corruption case over plot allocations in Purbachal.

Russell is chairman of Amber Group and son of the late MA Hashem, founder chairman of Partex Group.

According to a BTMA announcement, Russell was released from his post following a Ministry of Commerce letter dated November 10.

The association's board of directors then held an emergency meeting that day and elected Shamim ...