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Muhith sees no reason to resign

Finance minister AMA Muhith on Monday dismissed as rubbish the opposition's demand for his resignation over the December-January stock crash.

'It's all bogus! Why should I resign at their demand? Such demands are nothing new in politics,' he said after a meeting on construction of roads and terminals in Syhet at the finance ministry.

Muhith said that the meeting had discussed about a project for construction of Badhaghat road and truck and bus terminals in Sylhet. Former energy adviser to the prime minister of BNP-led government Mahmudur Rahman at a seminar on Sunday held Muhith, commerce minister Faruk Khan and the Bangladesh Bank governor Atiur Rahman responsible for the turmoil in the share market and demanded their resignation.

BNP standing committee member MK Anwar had told the seminar that the share market money was 'plundered' at the 'instruction' of prime minister Sheikh Hasina.

Earlier, BNP's acting secretary general demanded Muhith's resignation accepting the responsibility of the share market crash.

At that time, Muhith gave similar reaction. 'I see no reason to resign.'

The general indexes of Dhaka and Chittagong Stock exchanges lost around 30 per cent in December-January because of nosedive in share prices.

Thousands of investors staged street demonstrations and clashed with police in protest against the slides and demanded resignation of the finance minister, Securities and Exchange Commission chairman, DSE president and Bangladesh Bank governor for their failure to stabilise the market.

Following the protests, the government suspended trading for two days at the two bourses and formed an enquiry committee which on April 7 submitted its report on the matter along with a set of observations and recommendations.

Source : New Age