Tuesday, May 10, 2011

SEC member Yasin Ali resigns

Dhaka, May 10:

Another member of the Securities and Exchange Commission Md Yasin Ali on Monday tendered his resignation after the finance ministry asked him to quit.

On Sunday, SEC member Anisuzzaman resigned from the commission as he was also instructed to do the same.

Sources in the finance division said Yasin Ali went to the ministry at around 2:45pm to meet the banking division secretary, Sahfiqur Rahman Patwari.

In his resignation letter, addressed to finance minister AMA Muhith, Yasin said he was resigning on a personal ground as per the clause 5(7) of the Securities and Exchange Ordinance 1993.

Yasin Ali was appointed as member of the commission in 2008 for a three-year term which was to end on December 31 this year.

Finance ministry sources said a section of government high officials pressured the two members to resign immediately as part of the restructuring programme of the SEC announced by the government following the probe committee report on January stock market scam. 

In the probe committee report, however, there ware no allegations against Yasin Ali and Anisuzzaman.

The probe committee recommended the restructuring of the commission by replacing a number of senior officials including its chairman Ziaul Haque Khondker, but the concerned authorities are yet to take any actions against them, the sources added.

Source: New Age