The finance ministry on Tuesday asked a member of the Securities and Exchange Commission, Muhammad Yasin Ali, to resign from the commission within a day or two.
The other SEC member Anisuzzaman would also be asked to resign while he will meet the banking division secretary, Shafiqur Rahman Patwari, today [Wednesday] at 10am, said sources in the ministry.
The division, however, is yet to take any action against three officials including the chairman of the commission, Ziaul Haque Khandkar, against whom the probe committee on January's stock market debacle, recommended for taking action.
The probe committee found no involvement of Yasin Ali and Anisuzzaman in the share scam.
The finance minister, AMA Muhith, on Saturday announced that the government would restructure the whole commission by appointing a new chairman and members.
The government on Monday appointed Helaluddin Nizami, a professor of accounting at Chittagong University, as a member of the commission.
Sources in the division said a chartered accountant was selected initially for the post of chairman after Muhith declared that the chairman would also be changed, but some quarters raised allegations against him saying he was involved in irregularities during his career at a private non-banking financial institute.
A number of high ups in the government are now lobbying so that Ziaul Haque Khandkar could continue as the chairman of the commission.
The decision on appointing a new chairman would be taken after Muhith returns to the country from Manila where he is attending the annual meeting of the Asian Development Bank.
Source: New Age
