DHAKA: Attorney General Mahbubey Alam categorically said they are alert so that none can play with the case of Securities and Exchange Commission (SEC).
He came up with the forewarning Thursday while the SEC delegation led by its Chairman Dr M Khairul Hossain met with him at his office.
Mahbubey Alam said, “We have be alert to fight the case properly and SEC delegation came to me to discuss how to defend and save the case from conspiracy.”
The meeting was attended, among others, by SEC Chairman Dr M Khairul Hossain, member of board of directors Helal Uddin Nizami, Amzad Hossain and Abdus Salam Sikdar.
On April 8, the High Court issued a rule asking why the Security and Exchange Commission’s imposed proposal for the share market enlisted company owners of acquiring at least two percent shares “should not be declared illegal”.
An HC bench comprising Justice Farid Ahmed and Justice Sheikh Hasan Arif issued the rule following a writ petition filed by Director of National Credit and Commerce Bank Limited Sheikh Abdul Munim Sunday.
Besides on April 9, Attorney-General Mahbub-e-Alam said the High Court did not issue any stay order on Securities and Exchange Commission (SEC) proposal for the share market enlisted company owners of acquiring at least two percent shares.
Finance secretary, commerce secretary, SEC chairman, Bangladesh Bank governor, NCC Bank managing director, Joint Stock Company and Firm’s registrar, Dhaka Stock Exchange and Chittagong Stock Exchange were made the respondent to the rule.
They were asked to explain the matter within four weeks.
Barrister Fida M Kamal and Barrister M Riaz Uddin stood for the petitioners while Attorney General Samarendra Nath moved for the state.
On November 22 in 2011, SEC asked the directors of its enlisted companies to buy two percent share otherwise they would lose their posts after six months.
BDST: 2054 HRS, APR 12, 2012
Tilka Binte Mehtab, Newsroom Editor
Abul Kalam Azad, Newsroom Editor
M. Mahbub Alam, Asst Output Editor
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