It is not clear whether the Managing Director of Merchant Bank, Peter Iliasu is still at post. Joy Business learnt late last week that the Board of Directors of the bank had relieved Mr. Iliasu of his services for what they say are bad corporate governance issues. He is being accused of granting loans to some institutions without the board’s approval. The Business Guide Newspaper published that Mr. Iliasu has been asked to quit or be forced out. The report added that Mr. Iliasu bowed to pressure and tendered in his resignation. Sources close to the MD however tell Joy Business that he is still at post. The sources also denied the board’s allegations against him and maintained that he is still at post and indeed was in his office on Tuesday. The bank's officials are unwilling to comment on the matter. Source: Joy Business/Myjoyonline.com/Ghana