A special court for CBI cases on Monday framed charges against the then chairman and managing director, executive director and senior vice-president of the erstwhile Global Trust Bank and representatives of a private firm in connection with a multi-crore scam.

Why is 'the then' used at the same time, and what does that mean?

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    "The then chairman" means the chairman at the time (not the current chairman). The preposition then refers to an earlier time. – Mick Nov 29 '16 at 17:52

Consider the similar example

I wanted to live in the city, but my then husband (= the man who was my husband at that time) preferred the country.

Then (before a noun) is an adjective and means at that time.

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