মবিল যমুনার তালিকাভুক্তির ব্যাপারে চুড়ান্ত সিদ্ধান্ত হবে আগামী রোববার। ওই দিন ঢাকা স্টক এক্সচেঞ্জ(ডিএসই) ও চিটাগাং স্টক এক্সচেঞ্জের(সিএসই) আলাদা বোর্ড মিটিং রয়েছে। বোর্ডের সদস্যদের মতামতের পরিপ্রেক্ষিতে দুই স্টক এক্সচেঞ্জ পৃথক ভাবে তালিকাভুক্তির ব্যাপারে সিদ্ধান্ত নেবে।
বৃহস্পতিবার মবিল যমুনার তালিকাভুক্তির ব্যাপারে ডিএসই লিস্টিং কমিটির বৈঠক হয়। বৈঠকে এ কোম্পানির ৩০ শতাংশ বোনাস দেওয়ার প্রস্তাব নিয়ে আলোচনা হয়।
এ ব্যাপারে ডিএসইর সিনিয়র ভাইস প্রেসিডেন্ট আহসানুল ইসলাম বলেন, কোম্পানির প্রস্তাব নিয়ে লিস্টিং কমিটি আলোচনা করেছে। আগামী রোবাবর ডিএসইর বোর্ড মিটিংয়ে এ ব্যাপারে চূড়ান্ত সিদ্ধান্ত নেওয়া হবে।
সিএসই প্রেসিডেন্ট ফখরুদ্দীন আলী আহমেদ বলেন, তালিকাভুক্তির ব্যাপারে দুই স্টক এক্সচেঞ্জ পৃথক ভাবে সিদ্ধান্ত নেবে। তবে ৩০ শতাংশ বোনাস দেওয়ার প্রস্তাবকে আইন সঙ্গত মনে করছে সিএসই। আগামী রোববার সিএসইর বোর্ড মিটিং আছে। ওই দিন এ ব্যাপারে সিদ্ধান্ত নেওয়া হবে। এ কোম্পানিতে বিনিয়োগকারীদের অনেক টাকা আটকে আছে। বিনিয়োগকারীদের স্বার্থে খুব দ্রুত এ কোম্পানির তালিকাভুক্তির জটিলতা নিরসন করা হবে।
The probe committee on share market debacle has made a series of recommendations for a major overhaul of the Securities and Exchange Commission, including replacement of its current chairman.
The committee, which submitted its report to the finance minister Thursday morning, mentioned in its report 15 case studies showing how the market was heavily manipulated.
"All the institutions that have anything to do with the stock market were responsible for the debacle," Khondkar Ibrahim Khaled, head of the probe committee, said while briefing reporters on their findings at Bangladesh Krishi Bank.
Apart from the SEC, he named Dhaka Stock Exchange, Investment Corporation of Bangladesh (ICB), stock market issue managers, issuers, valuers and auditors to have had collusion ending up in turning the market volatile.
The report mentioned bad decisions by the regulators as largely responsible for market volatility.
Khaled, also chairman of Krishi Bank, submitted the report to Finance Minister AMA Muhith at his residence at around 9:30am.
In one example, the report mentioned how two investors opened several accounts and transacted 25 percent of their total trade between themselves, impacting share prices on the market.
In only six days, the share prices doubled on the market.
Replying to a query after submitting the report, head of the probe committee told reporters that businessmen might have taken some illegal advantage of people in power with their close relation.
But Ibrahim Khaled thinks there was no political role behind the market debacle.
On another query how much money has gone out of the market, the former deputy governor of the central bank said they did not find the total figure but have identified that some money has gone to private pockets.
He estimated around Tk 4,000 to 5,000 crore to be going to private pockets through direct listing.
On draining out of money from the country, Khaled cited an example of GEM Global Yield Fund Limited, in collaboration with local company Thai Aluminum, sending around Tk 15 crore abroad.
Detailing further on market manipulation, he said 19 persons from two addresses purchased shares of Tk 19 crore through private placement.
"How come they are from same addresses?" he questioned, saying there certainly were some irregularities.
On share price scamming in joint collaboration, Ibrahim Khaled said a group of 10 people made a verbal deal with another 10-member group. They sold and purchased their shares sending the prices high only to sell out the whole chunk in the market at a very high price later.
"Not only one or two individuals, many groups have worked this way. They are responsible for making the market volatile," he said.
Terming book building as the best method in the share market, Ibrahim Khaled said it was not used in the sector professionally.
The other members of the four-member committee are Director General of Bangladesh Institute of Bank Management Toufic A Choudhury, former president of the Institute of Chartered Accountants of Bangladesh Mohammad Abdul Bari and Supreme Court advocate Nihad Kabir.
The committee, formed on January 25, was given 3 months to prepare the report. It, however, finished the report nearly a month before the deadline.
The government formed the committee following massive falls in share prices for days in a row prompting thousands of small investors to take to the streets in protest.
The probe body was given 11 tasks including finding out if any individual or groups had influenced the market or taken any undue advantages.
According to its terms of reference, the committee would find the reasons behind the overpricing of shares over the last two years. It would also identify the people and the institutions that withdrew unusually high amount of money taking advantage of the overpriced market through direct listing, book building and fixed price.
The number of beneficiary owners (BO) account in the stock market is about 32 lakh.
বৃহস্পতিবার মবিল যমুনার তালিকাভুক্তির ব্যাপারে ডিএসই লিস্টিং কমিটির বৈঠক হয়। বৈঠকে এ কোম্পানির ৩০ শতাংশ বোনাস দেওয়ার প্রস্তাব নিয়ে আলোচনা হয়।
এ ব্যাপারে ডিএসইর সিনিয়র ভাইস প্রেসিডেন্ট আহসানুল ইসলাম বলেন, কোম্পানির প্রস্তাব নিয়ে লিস্টিং কমিটি আলোচনা করেছে। আগামী রোবাবর ডিএসইর বোর্ড মিটিংয়ে এ ব্যাপারে চূড়ান্ত সিদ্ধান্ত নেওয়া হবে।
সিএসই প্রেসিডেন্ট ফখরুদ্দীন আলী আহমেদ বলেন, তালিকাভুক্তির ব্যাপারে দুই স্টক এক্সচেঞ্জ পৃথক ভাবে সিদ্ধান্ত নেবে। তবে ৩০ শতাংশ বোনাস দেওয়ার প্রস্তাবকে আইন সঙ্গত মনে করছে সিএসই। আগামী রোববার সিএসইর বোর্ড মিটিং আছে। ওই দিন এ ব্যাপারে সিদ্ধান্ত নেওয়া হবে। এ কোম্পানিতে বিনিয়োগকারীদের অনেক টাকা আটকে আছে। বিনিয়োগকারীদের স্বার্থে খুব দ্রুত এ কোম্পানির তালিকাভুক্তির জটিলতা নিরসন করা হবে।
The probe committee on share market debacle has made a series of recommendations for a major overhaul of the Securities and Exchange Commission, including replacement of its current chairman.
The committee, which submitted its report to the finance minister Thursday morning, mentioned in its report 15 case studies showing how the market was heavily manipulated.
"All the institutions that have anything to do with the stock market were responsible for the debacle," Khondkar Ibrahim Khaled, head of the probe committee, said while briefing reporters on their findings at Bangladesh Krishi Bank.
Apart from the SEC, he named Dhaka Stock Exchange, Investment Corporation of Bangladesh (ICB), stock market issue managers, issuers, valuers and auditors to have had collusion ending up in turning the market volatile.
The report mentioned bad decisions by the regulators as largely responsible for market volatility.
Khaled, also chairman of Krishi Bank, submitted the report to Finance Minister AMA Muhith at his residence at around 9:30am.
In one example, the report mentioned how two investors opened several accounts and transacted 25 percent of their total trade between themselves, impacting share prices on the market.
In only six days, the share prices doubled on the market.
Replying to a query after submitting the report, head of the probe committee told reporters that businessmen might have taken some illegal advantage of people in power with their close relation.
But Ibrahim Khaled thinks there was no political role behind the market debacle.
On another query how much money has gone out of the market, the former deputy governor of the central bank said they did not find the total figure but have identified that some money has gone to private pockets.
He estimated around Tk 4,000 to 5,000 crore to be going to private pockets through direct listing.
On draining out of money from the country, Khaled cited an example of GEM Global Yield Fund Limited, in collaboration with local company Thai Aluminum, sending around Tk 15 crore abroad.
Detailing further on market manipulation, he said 19 persons from two addresses purchased shares of Tk 19 crore through private placement.
"How come they are from same addresses?" he questioned, saying there certainly were some irregularities.
On share price scamming in joint collaboration, Ibrahim Khaled said a group of 10 people made a verbal deal with another 10-member group. They sold and purchased their shares sending the prices high only to sell out the whole chunk in the market at a very high price later.
"Not only one or two individuals, many groups have worked this way. They are responsible for making the market volatile," he said.
Terming book building as the best method in the share market, Ibrahim Khaled said it was not used in the sector professionally.
The other members of the four-member committee are Director General of Bangladesh Institute of Bank Management Toufic A Choudhury, former president of the Institute of Chartered Accountants of Bangladesh Mohammad Abdul Bari and Supreme Court advocate Nihad Kabir.
The committee, formed on January 25, was given 3 months to prepare the report. It, however, finished the report nearly a month before the deadline.
The government formed the committee following massive falls in share prices for days in a row prompting thousands of small investors to take to the streets in protest.
The probe body was given 11 tasks including finding out if any individual or groups had influenced the market or taken any undue advantages.
According to its terms of reference, the committee would find the reasons behind the overpricing of shares over the last two years. It would also identify the people and the institutions that withdrew unusually high amount of money taking advantage of the overpriced market through direct listing, book building and fixed price.
The number of beneficiary owners (BO) account in the stock market is about 32 lakh.