India, July 25 -- President Mohammed Shahabuddin, widely known by his nickname "Chuppu", resigned from office on Friday, ending days of intense political speculation over his future.

National Parliament Speaker Hafiz Uddin Ahmad has assumed the responsibilities of Acting President in accordance with Article 54 of the Constitution. According to the Speaker, Shahabuddin submitted his signed resignation letter at 5:01pm on Friday.

"I have accepted the resignation letter," Hafiz Uddin told a press briefing at the Oath Room of the National Parliament shortly after receiving it.

The briefing had been announced earlier in the day through a press release issued by the Assistant Director of the Public Relations Wing of the Bangladesh Parliamen...