Dhaka: Bangladesh has set up a three-member, high-powered body headed by former Bangladesh Bank deputy governor Ebrahim Khalid to investigate last week's stock market debacle, Finance Minister Abul Maal Abdul Muhith said yesterday.
"The committee and its terms were finalised ahead of Prime Minister Shaikh Hasina's tour abroad and it will start its work from Thursday," he told a press briefing on the sidelines of a national economic council meeting with the premier.
The minister said that the names of the two other committee members and their terms of reference would be made publictoday and added that the body was asked to submit the report in next three months.
"The committee was also empowered to co-opt members if required for the investigation," Muhith said.
Stable
The development came as the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) resumed trading after being closed for two days with the main bourse in the capital witnessing a rise of the general index by 494.73 points to 6,821 as trading began at 11am and the market remained stable until it closed at 3pm.
During the trading 248 companies witnessed an increase in their share prices and 10 companies suffered a decline.
Muhith's announcement came two days after he held a stormy four-hour meeting with major stakeholders to investigate the alleged manipulation in the stock market.
