Share scam report to come out on getting SEC, BB views
Monday, 25 April 2011
FE Report
Finance Minister AMA Muhith said Sunday that the probe committee report on share market scam would be published after getting opinions of a number of organisations including Bangladesh Bank (BB) on the report. "We have sought opinions from a number of organisations including BB on the report. After examining the opinions, the probe committee report will be made public," Muhith told reporters after a meeting of the cabinet committee on purchase. The meeting was held at the conference room of the Cabinet Division. He said that he did not know whether the probe report would be published this week or not. Mr Muhith said the Ministry of Finance (MoF) had sought opinions from the Securities and Exchange Commission (SEC) and BB. About the outcome of the purchase committee meeting, the finance minister said the meeting approved a 50 megawatt independent power plant (IPP) to be established in Chittagong. The contract of the plant, to be run on furnace oil, is being awarded to private sector investor, Electro Dynamic. In accordance with the conditions, the government will purchase per unit of power at a rate of Tk 6.91 from the proposed plant for 15 years, the finance minister briefed the newsmen. Besides, the cabinet committee has also given its approval for procurement of 25,000 metric tonnes of sugar to be imported by the private sector.
Finance Minister AMA Muhith said Sunday that the probe committee report on share market scam would be published after getting opinions of a number of organisations including Bangladesh Bank (BB) on the report. "We have sought opinions from a number of organisations including BB on the report. After examining the opinions, the probe committee report will be made public," Muhith told reporters after a meeting of the cabinet committee on purchase. The meeting was held at the conference room of the Cabinet Division. He said that he did not know whether the probe report would be published this week or not. Mr Muhith said the Ministry of Finance (MoF) had sought opinions from the Securities and Exchange Commission (SEC) and BB. About the outcome of the purchase committee meeting, the finance minister said the meeting approved a 50 megawatt independent power plant (IPP) to be established in Chittagong. The contract of the plant, to be run on furnace oil, is being awarded to private sector investor, Electro Dynamic. In accordance with the conditions, the government will purchase per unit of power at a rate of Tk 6.91 from the proposed plant for 15 years, the finance minister briefed the newsmen. Besides, the cabinet committee has also given its approval for procurement of 25,000 metric tonnes of sugar to be imported by the private sector.