Dhaka, Bangladesh (BBN)– The government has appointed another new member to the stock crash probe body to assist it in legal matters, said its head on Tuesday.
The number of the committee members now stood at four, headed by Khandker Ibrahim Khaled.
“Nihat Kabir was made the fourth member of the body,” said Ibrahim Khaled, at a views-exchange meeting with stock market reporters.
He said, “Earlier I had requested the finance minister to induct a legal expert in the committee as there are many things in the investigation which need legal attention.”
“A gazette has been issued in this regard,” he added.
About the progress of investigation, Khaled said the committee will submit its report within the stipulated time frame as investigation is in full swing.
Earlier in the day, the probe body visited to the Dhaka Stock Exchange (DSE) and met the DSE directors and representatives of Merchant Bank Association, Bangladesh Association of Publicly Listed Companies and asset management organisations.
In response to a question on infiltration of black money in the stock market, the body chief said, “We’ll try to get information in this regard from the NBR (National Board of Revenue).”
On January 25, the government formed a body to probe the recent stock market crash that triggered violent protests by angry investors and forced a freeze on trading.
The government has asked the committee to submit its investigative reports within two months.
Other two members on the committee are director general of Bangladesh Institute of Bank Management (BIBM) Dr. Toufic Ahmad Choudhury and ex-president of Institute of Chartered Accounts of Bangladesh (ICAB) Abdul Bari.
BBN/KMS/SI/AD-22Feb11-10:30 pm (BST)
