The top official of the country’s prime bourse resigned from his post yesterday, much ahead of his tenure’s expiry.
Satipati Moitra, who took over as the chief executive officer of Dhaka Stock Exchange December 24, 2009 for three years, in his resignation letter cited his deteriorating health condition as a reason for his quit.
Shakil Rizvi, DSE’s president, confirmed the CEO’s resignation and said the issue will be put up in the next board meeting.
“If the board of directors accepts his resignation, it will be effective from three months later, meaning Moitra will have to serve for next three months,” he said.
Moitra joined the DSE in 2007 as chief financial officer. Prior to his takeover as CEO, he was the acting CEO from July 14 to December 23.
Recently, the Securities and Exchange Commission grilled Moitra for making changes in the index calculation without disclosing the information to the stockmarket.
Later, he apologised to the stockmarket regulator for such move.
SEC also came down heavily on him for the failure to to intervene in an unusual and abnormal price hike in some securities.
