Wednesday, May 4, 2011

Another SEC member asked to resign

Dhaka, May 5: The finance ministry on Wednesday asked another member of the Securities and Exchange Commission to resign from the commission.

The Banking Division secretary, Shafiqur Rahman Patwari, asked SEC member Md Anisuzzaman to resign when the latter called on the former at the division on Wednesday morning. Patwari had asked SEC member Yasin Ali to resign on Tuesday.

The ministry asked the two members to resign, but it is yet to take any action against three top officials, including SEC chairman Ziaul Haque Khondoker, against whom the probe committee on January's stock market debacle recommended for taking actions.

Sources in the ministry said although the probe committee did not find any involvement of Yasin and Anisuzzaman in the scam, a section of government high-ups was creating pressure on them to resign immediately.

The finance minister, AMA Muhith, on Saturday told reporters that the government would restructure the whole commission and replace the chairman within two to four days. But the government is yet to appoint a new chairman till Wednesday.

Newly-appointed member of SEC Helaluddin Nizami, meanwhile, took office on Wednesday. Helaluddin, a former professor of accounting at Chittagong University, said, 'I have joined the commission with an aim to protect the interest of the general investors and I hope it can be achieved by stakeholders' combined effort.'

Source: New Age