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DSE elects new chief

Dissent over a ‘scamster’ candidate sees four councillors walk out

By M Shamsur Rahman
Incumbent vice-president of Dhaka Stock Exchange Shahlq Khan was elected new chairman of the bourse yesterday amid walkout by four councillors.
This is for the first time that the DSE has failed to elect its new office bearers through a consensus that resulted in walkout by four of its councillors.
Onu Jalgirdar. an accused in the 1996 snare scam case, has been elected as senior vice-chairman and Ahsanul Islam as vice-chairman.
The four — Kazi Flroz Rashid. Dewan Suhel Afzal. Jahangir Kabir Chowdhury and M Enayetur Rahman — walked out of the meeting arguing that they will not vote for a man who is facing charges in the 1996 share market scam case and abstained from voting.
They wanted to have "clean persons at the top posts of the bourse for restoration of its lost Images."
After two years of delay, the Dhaka Stock Exchange (DSE) had elected four of its new councillors — Khwaza Golam Rasul. Ahmed Rashid. Syed Tareq Mohammed All and M A Haq Howlader.
The result of the election of the new council was officially declared In the annual genera! meeting of the bourse yesterday, and the full 12-memb’er council sat to elect its new chairman, senior vice chairman and vice chairman afterwards.
Usually the DSE office bearers are elected either on a consensus or through a secret balloting of the councillors if a consensus can not be reached.
Sources said that there were two panels vying for the three posts. One was led by Enayetur Rahman who gunned for the post of chairman with Sobel Afzal as senior vice-president and Jahangir Kabir Chowdhury as vice chairman and the other by Incumbent senior vice-president Shahlq Khan vying for the post of chairman with Onu Jalgirdar as his senior vice-chairman and Ahsanul Islam as vice-chairman.
The council agreed to allow Kazi Flroz Rashid, a former minister, to decide and choose the office bearers.
The DSE election committee also agreed to spare few minutes to Flroz Rashid to come up with a possible consensus before going for voting.
Rashid later came up with a proposal having representatives from both panels. He suggested Dewan Suhel Afzal as senior vice chairman. Shahlq Khan as chairman and Ahsanul Islam as vice chairman, dropping Onu Jalgirdar as he is one of the accused in the scam case.
“We do not want someone who is an accused in the 1996 share scam in the DSE office." Rashid was quoted to have told the meeting.
Rashid's proposal was. however. refected by the DSE panel of Shaniq Khan and the four later walked out of the meeting.
Talking to The Daily Star. Kazi Firoz Rashid agreed that four of them had walked out and refrained from voting.
“Our image has been badly tarnished. We wanted to get out of It. But I guess we've failed." Rashid said.