FE Report (January 26, 2011)
The Securities and Exchange Commission (SEC) Tuesday made its Executive Director (ED) Anwarul Kabir Bhuiyan an officer on special duty (OSD), officials said.
SEC Chairman Ziaul Haque Khondker issued an order to this effect on the day and presently Mr Bhuiyan has no duty at the office.
Bhuiyan has also been relieved of his duty as SEC spokesman.
However, the SEC said nothing officially as to why its ED was made an OSD.
Meanwhile, sources said, Bhuiyan was relieved of carrying out official duties for his controversial role in the stock market.
On December 19, a group of angry investors alleged that Bhuiyan had told them that the SEC was held hostage to its two members although later he denied having told it.
On the same day, Bhuiyan said at a press briefing that liquidity crisis was created in the stock market as the Bangladesh Bank (BB) increased the CRR.
This kind of statements widened the gap between the BB and the SEC.
Earlier, the regulator relieved him of the responsibilities of surveillance and administration after some allegations had been raised against him.
Mr Bhuiyan was, however, not available to make comment relating to the order issued against him.
The Securities and Exchange Commission (SEC) Tuesday made its Executive Director (ED) Anwarul Kabir Bhuiyan an officer on special duty (OSD), officials said.
SEC Chairman Ziaul Haque Khondker issued an order to this effect on the day and presently Mr Bhuiyan has no duty at the office.
Bhuiyan has also been relieved of his duty as SEC spokesman.
However, the SEC said nothing officially as to why its ED was made an OSD.
Meanwhile, sources said, Bhuiyan was relieved of carrying out official duties for his controversial role in the stock market.
On December 19, a group of angry investors alleged that Bhuiyan had told them that the SEC was held hostage to its two members although later he denied having told it.
On the same day, Bhuiyan said at a press briefing that liquidity crisis was created in the stock market as the Bangladesh Bank (BB) increased the CRR.
This kind of statements widened the gap between the BB and the SEC.
Earlier, the regulator relieved him of the responsibilities of surveillance and administration after some allegations had been raised against him.
Mr Bhuiyan was, however, not available to make comment relating to the order issued against him.
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