Probe committee report and some questions

I have downloaded a copy of the probe committee report on Bangladesh Stock Exchange share scam. On going through the report it appears to me that there is some serious drawback in the report. The major drawback is that, it lacks the basic terms of reference which the government bestowed upon the committee. There is no mention of the terms of reference on which the report has been prepared. As far as we know the committee was given the task to ascertain the reasons for unusual rise of the indexes and fall in Dec-Jan-Feb. But the report is not focused on that. The committee has made some comments entirely based upon assumption without any documentary proof. The lack of responsibilities of the Security Exchange Commission (SEC) is known to everybody. The committee has given suggestions on reconstructing the SEC. Will only reconstruction of the SEC solve the problem? There is no answerer to some 'whys'. Why the share market could rise to that height and why it fell. There is no mention and identification of involved people in some cases where close aid to the ruling party is involved. To me the committee acted on some preconceived notion without the documentary proof of manipulating the market of the individuals. Some names appeared in the report without the identification of those people. The report has frustrated general people and questioned the capability and knowledge of the committee chairman who prepared those. The report made some controversial comments regarding trial of the culprits. Actually the probe committee chairman knows very well that there is no material in the report, so he is trying to defend himself beforehand. Kazi Ahmed 9 Crescent Place M4C 5L8, Toronto, Canada E-mail : kaziahmed@rogers.com