“Masroor Riaz’s appointment is a state decision, the statement is illegal”

by times news cr

2024-08-17 02:56:45

Economist Dr. as the new chairman of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, on Tuesday (August 13). M Masroor Riaz has been appointed by the Advisory Council of the Interim Government. However, not welcoming the government’s decision, the BSEC Officers Welfare Association has demanded cancellation of the appointment of Masroor Riaz in a statement.

However, that statement is the president of the organization. Other executive members of the BSEC Officers Welfare Association Council have complained that Saifur Rahman was given a single decision.

They said that the interim government has appointed M Masroor Riaz as the new chairman of BSEC. Statements have been made outside the rules surrounding his appointment. The details mentioned in the statement are private to the president. Saifur Rahman’s personal. It has nothing to do with other executive members of the association’s board.

Officers Welfare Association of BSEC gave this information in a protest letter on Wednesday (August 14). However, he is the president of the organization in the protest letter. No signature of Saifur Rahman.

According to the protest letter, a letter on the official pad of the Bangladesh Securities and Exchange Commission Officers Welfare Association with the Secretary of the Financial Institutions Division, Ministry of Finance was circulated on social media on the night of August 13, which came into view.

Among other things mentioned in the letter, as per the decision of the general members of Bangladesh Securities and Exchange Commission Officers Welfare Association regarding the newly appointed chairman of BSEC, the working environment of the commission will not be favorable for a controversial person like Masroor Riaz, therefore the decision to raise the demand for cancellation of the already issued notification was also taken. .

It may be noted that 6 members of the 7-member Executive Board feel that any decision mentioned in the letter should be taken only at the AGM/EGM/Executive Committee meeting. There is no opportunity to take such a decision in any discussion meeting. Moreover, the association has no right to present any proposal in the forum against any decision of the state. The details mentioned in the letter are only the president. Saifur Rahman’s own. With this, the general secretary of the association Mohammad Siddiqur Rahman and the vice president. Farooq Hossain, co-general secretary. Sahidul Islam, treasurer Muhammad Hemayet Hossain, executive member Mahmuda Shirin and executive member AKM Farooq Alam are not related.

A board member of the Bangladesh Securities and Exchange Commission Officers Welfare Association, who did not want to be named in this regard, told RisingBD that the new chairman of the BSEC appointed by the Advisory Council of the Interim Government due to the wrong information given by some BSEC officials. Consent to welcome M. Masroor Riaz was not granted. Following this, last Tuesday (August 13), the association sent a letter to the Secretary of the Financial Institutions Department of the Ministry of Finance disapproving to accept Masroor Riaz as chairman. However, the misunderstanding that arose on this issue has ended.

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