এনসিসি ব্যাংক লিমিটেডের নিবন্ধন ও শেয়ার লেনদেনের ওপর স্থগিতাদেশ প্রত্যাহার করে নিয়েছে নিয়ন্ত্রক সংস্থা সিকিউরিটিজ অ্যান্ড এক্সচেঞ্জ কমিশন (এসইসি)। আজ বুধবার ডিএসইর ওয়েবসাইটে প্রকাশিত এক নির্দেশনা থেকে এ তথ্য জানা যায়।
এসইসি সূত্রে জানা যায়, ২৩ জানুয়ারি এসইসি আগ্রাসীভাবে শেয়ার বিক্রির অভিযোগে ছয়টি ব্রোকারেজ হাউসের লেনদেন স্থগিত এবং প্রতিষ্ঠানগুলোর প্রধান নির্বাহীদের নিষ্ক্রিয় রাখার সিদ্ধান্ত নেয়।
সোমবার এসইসিতে এ-সংক্রান্ত শুনানিতে অংশ নেয় এনসিসি ব্যাংক। শুনানির পরিপ্রেক্ষিতে আজ এই সিদ্ধান্ত নেওয়া হয় বলে জানা গেছে।
নিবন্ধন ও লেনদেনে স্থগিত করা অন্য প্রতিষ্ঠানগুলো হলো আইআইডিএফসি সিকিউরিটিজ লিমিটেড, পিএফআই সিকিউরিটিজ, আল-আরাফাহ ইসলামী ব্যাংক, ঢাকা ব্যাংক ও অ্যালায়েন্স সিকিউরিটিজ অ্যান্ড ম্যানেজমেন্ট।
to investigate the recent capital market
The government has formed a three-member committee, headed by Bangladesh Krishi Bank Chairman Khondker Ibrahim Khaled, to investigate the recent capital market collapse and irregularities.
"The terms of reference (ToR) of the committee will be described today along with the names of two other members," Finance Minister AMA Muhith told reporters on Tuesday, after a meeting of the Executive Committee of National Economic Council (Ecnec) at NEC conference room.
The committee would, however, examine 11 areas of activities relating to the stock market operations to identify possible irregularities which might have caused the recent stock market debacle, according to an official draft on the ToR obtained by daily sun.
"We named two persons for the committee, but dropped due to their alleged involvement in the irregularities," Muhith said.
He said that the committee would start working immediately, most likely from Thursday, and would submit its report within three months.
He added that the government has the authority to further increase the number of the committee members by one or two if the committee requires.
Replying to a question, he brushed aside the allegation that a huge amount of money had been taken out from the market. "These are all ‘bizarre’ figures that huge money has been taken out. Money is still in the market, but only a small amount has gone out."
The finance minister strongly argued that not a single penny had been siphoned off from the country. "Money of the capital market is still in Bangladesh."
He said the Central Depository Bangladesh Limited (CDBL) will provide access to find out the details of share transactions.
The government had announced formation of the probe body amid demands to look deeper into the debacle whether there were irregularities in the capital market, forcing it to crumble. Economists and market experts even viewed that the
failure in investigating the 1996 scam paved the way for the culprits to do it again.
When contacted over telephone on Tuesday night, Ibrahim Khaled told daily sun that he had not been apprised of the appointment yet and he was also not aware of the ToR.
"If I am appointed to the committee, I’ll try my best to uphold the confidence everybody bestowed upon me," he said.
Immediately after the market debacle, the BKB chairman vehemently criticised certain quarters, particularly those who have affiliation with the Awami League and BNP, due to their involvement in destabilising the market and taking away huge amount of money from it.
According to the proposed ToR, the committee would consider whether individuals, banks, financial institutions, merchant banks, brokerage houses and the listed companies were involved in destabilising the market through disrupting normal activities of the capital market.
It would compare the long term return on investment in the capital market with the income from banks and government savings instruments at the beginning of 2010.
The committee would also review the nature of continued bullish trend of the capital market, analyse the sustainability of the market and determine the nature of overvaluation of stocks.
The nature of transactions by short term traders and the nature of their entry into the market would also be considered while the amount of transactions by this type of individuals, groups or institutions in influencing the market would also be considered. The committee will also identify them.
The committee would examine whether the rules and regulations as well as relevant laws were appropriate. It would also scrutinise measures taken by the SEC in response to the emerging situation and whether those were appropriate.
It would identify the organisations or individuals who took advantage of the overheated market to mobilised abnormal amount of money through issuing IPOs under direct listing, book building and fixed price methods. It would also identify the role of issue managers, regulatory bodies, audit firms and asset valuation companies in the process.
The committee would review how the small investors have been affected through buying shares from issuer companies through IPOs and analyse the overall liquidity position at the moment of sharp fall of the stock prices.
It would also consider whether the skill and experience of the regulatory authorities were adequate and whether the infrastructure and governance in the DSE and CSE were appropriate. Other issues would also be considered by the committee if it thinks appropriate.
The committee would take opinion from different individuals involved in the market and civil society, if the body feels its necessity.
The Securities and Exchange Commission (SEC) will provide secretarial and institutional support to the committee.The government has formed a three-member committee, headed by Bangladesh Krishi Bank Chairman Khondker Ibrahim Khaled, to investigate the recent capital market collapse and irregularities.
"The terms of reference (ToR) of the committee will be described today along with the names of two other members," Finance Minister AMA Muhith told reporters on Tuesday, after a meeting of the Executive Committee of National Economic Council (Ecnec) at NEC conference room.
The committee would, however, examine 11 areas of activities relating to the stock market operations to identify possible irregularities which might have caused the recent stock market debacle, according to an official draft on the ToR obtained by daily sun.
"We named two persons for the committee, but dropped due to their alleged involvement in the irregularities," Muhith said.
He said that the committee would start working immediately, most likely from Thursday, and would submit its report within three months.
He added that the government has the authority to further increase the number of the committee members by one or two if the committee requires.
Replying to a question, he brushed aside the allegation that a huge amount of money had been taken out from the market. "These are all ‘bizarre’ figures that huge money has been taken out. Money is still in the market, but only a small amount has gone out."
The finance minister strongly argued that not a single penny had been siphoned off from the country. "Money of the capital market is still in Bangladesh."
He said the Central Depository Bangladesh Limited (CDBL) will provide access to find out the details of share transactions.
The government had announced formation of the probe body amid demands to look deeper into the debacle whether there were irregularities in the capital market, forcing it to crumble. Economists and market experts even viewed that the
failure in investigating the 1996 scam paved the way for the culprits to do it again.
When contacted over telephone on Tuesday night, Ibrahim Khaled told daily sun that he had not been apprised of the appointment yet and he was also not aware of the ToR.
"If I am appointed to the committee, I’ll try my best to uphold the confidence everybody bestowed upon me," he said.
Immediately after the market debacle, the BKB chairman vehemently criticised certain quarters, particularly those who have affiliation with the Awami League and BNP, due to their involvement in destabilising the market and taking away huge amount of money from it.
According to the proposed ToR, the committee would consider whether individuals, banks, financial institutions, merchant banks, brokerage houses and the listed companies were involved in destabilising the market through disrupting normal activities of the capital market.
It would compare the long term return on investment in the capital market with the income from banks and government savings instruments at the beginning of 2010.
The committee would also review the nature of continued bullish trend of the capital market, analyse the sustainability of the market and determine the nature of overvaluation of stocks.
The nature of transactions by short term traders and the nature of their entry into the market would also be considered while the amount of transactions by this type of individuals, groups or institutions in influencing the market would also be considered. The committee will also identify them.
The committee would examine whether the rules and regulations as well as relevant laws were appropriate. It would also scrutinise measures taken by the SEC in response to the emerging situation and whether those were appropriate.
It would identify the organisations or individuals who took advantage of the overheated market to mobilised abnormal amount of money through issuing IPOs under direct listing, book building and fixed price methods. It would also identify the role of issue managers, regulatory bodies, audit firms and asset valuation companies in the process.
The committee would review how the small investors have been affected through buying shares from issuer companies through IPOs and analyse the overall liquidity position at the moment of sharp fall of the stock prices.
It would also consider whether the skill and experience of the regulatory authorities were adequate and whether the infrastructure and governance in the DSE and CSE were appropriate. Other issues would also be considered by the committee if it thinks appropriate.
The committee would take opinion from different individuals involved in the market and civil society, if the body feels its necessity.
The Securities and Exchange Commission (SEC) will provide secretarial and institutional support to the committee.