The people have right to know the name of the "Successful businessman" including the " ORA EGARO JON" who feels insulted but feels no remorse for the pain caused to the millions of small investors n most of whom have lost every penny of hard earned money.
On Mon, Jan 24, 2011 at 8:47 AM, Isha Khan <bd_mailer@yahoo.com> wrote:
All fingers pointed at one man
The same businessman was also linked with the 1996 sharemarket scam but he remains scot-free, due to, what the government said, lack of evidenceA leading businessman yesterday came under heavy fire at a high-profile meeting on the recent stockmarket debacle.Allegations against the businessman was made at a four-hour-long meeting at the state guesthouse Padma between Finance Minister AMA Muhith and market stakeholders, comprising businessmen, capital market leaders, bankers and regulators.((The Daily Star)
Several high-profile individuals who were there said the businessman, also present at the meeting, is very close to the ruling party.The same businessman was also linked with the 1996 sharemarket scam but he remains scot-free, due to, what the government said, lack of evidence.
Bangladesh's stockmarket remained closed yesterday and stays closed today (Monday) for a crash that caused fund losses of millions of small investors. The benchmark Dhaka Stock Exchange general index (DGEN) fell nearly 1,800 points between December and January.
There is a lot of talk in the market that a few masterminds were behind market manipulation and the subsequent collapse. Many say that Ora Egarojon (they were 11) manipulated the market by doubling the index and prices of most shares in less than one year. These people allured lakhs of small investors across the country and pocketed crores of taka.
But one name surpassed others at the meeting, according to individuals who attended the meeting yesterday. The businessman's firms were in financial crisis only two years ago but since the middle of 2009 those started acquiring other businesses one after another.
"He was accused of manipulation at the meeting by many," said one of the meeting participants, asking not to be named. The participant quoted the businessman telling the meeting: "I feel insulted and am a successful businessman."
Calm at the meeting was lost and the finance minister had to intervene to pacify people
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