2024-08-15 08:23:51
After one day of appointment, as the chairman of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market. Appointment of M Masroor Riaz has been suspended. The Ministry of Finance has decided to look into some complaints about it. Due to this, the notification regarding the appointment of Masroor Riaz as the Chairman of BSEC has been removed from the website of the Ministry of Finance on the instructions of the Secretary of the Financial Institutions Department.
The Finance and Planning Adviser to the Interim Government, Salehuddin Ahmed, admitted that he had received the complaint against Masroor Riaz.
When asked about removing the BSEC chairman appointment notification from the finance ministry website, the finance adviser said, there are some questions about him (Masroor Riaz). I will look into that. I will see and decide in one or two days.
An official of the Financial Institutions Department of the Ministry of Finance said that a notification was issued yesterday appointing Masrur Riaz as the chairman of BSEC. However, today the notification has been removed from the website on the instructions of the Secretary’s office.
The notification issued yesterday by the Department of Financial Institutions appointing Masroor Riaz as the Chairman of BSEC states that he shall comply with the provisions of Section 5 and 6 of the Bangladesh Securities and Exchange Commission Act, 1993 as per Section 5(2) of the Act within the next 4 years from the date of his appointment. Appointed as Chairman of BSEC for a term of one year.
The notification of the Financial Institutions Department also mentioned that this order issued in public interest will be effective immediately.
Professor Shibli Rubaiyat-ul-Islam resigned from the post of chairman of Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the capital market, on August 10 when Sheikh Hasina’s government collapsed in the face of the student-public movement. On August 11, Mohammad Mohsin Chowdhury was made acting chairman of the regulatory body.