None of the 17 cases related to stock market scams in 1996 and 2010-11 have so far been disposed of even after the appointments of two new lawyers to deal with the cases, Bangladesh Securities and Exchange Commission informed the finance ministry on Sunday.
The BSEC sent the report on the progress of 17 cases to the ministry.
Following a parliamentary standing committee recommendation in April, the BSEC appointed lawyers Probir Neogi and Rezaul Karim Chowdhury to deal with the stock scam related cases in June this year.
The BSEC report showed that of the 15 cases filed in connection with the 1996 stock market scam, one was pending with the Appellate Division, 12 with the High Court and two were with the Metropolitan Magistrate Court.
The rest two cases were filed in connection with stock market scam in 2010 which are also under trial, said the report.
The BSEC in March this year formed a three-member committee to draft a regulation for setting up a special tribunal to deal with the stock market related cases exclusively.
The BSEC committee is yet to submit the draft regulations for special tribunal, even after getting extension of time for several occasions.
In another development, as of September 2012, the total pending cases filed by and against the BSEC rose to 398 which was only 52 in 1999. The cases are related to securities related laws and penalties.
Of the 398 cases, six are pending with the Appellate Division, 159 with the HC Division, 203 with the General Certificate Court in Dhaka, nine with the Dhaka 5th Joint District Judge Court, two with 4th Assistant Judge Court and rest of the cases with different other lower courts, a BSEC data showed.
-With New Age input
