Asaduzzaman khairul (savar)

The High Court suspended the new 5-member Board of Directors of Savar Simtex Industries Limited formed by the Bangladesh Securities and Exchange Commission (BSEC). Chairman of Simtex Industries, Major General (retired) Md. Sarwar Hossain confirmed this information on Thursday (06 April) around 5:30 pm. Earlier, on April 2, against the instructions of BSEC, the Chairman of Simtex Industries Ltd. Major General (retired) Md. Sarwar Hossain’s writ petition. Justice Mahmudul Haque and Justice Md. Mahmud Hasan Talukder of the High Court gave this suspension in view of the writ. Subodh Debnath, associate professor of Dhaka University, Kausar Ahmed, partner of The Jurist Dhaka Bangladesh, Abdul Qayyum, associate professor of Barisal University, business entrepreneur Abid Al Hasan and Lieut. General (Retd) Sheikh Mamun Khaled. On March 22, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) dissolved the current board of directors of Simtex and appointed 5 new independent directors along with the chairman. The shareholders of Simtex said that the former chairman of the company, Anisur Rahman, was dismissed from the post of chairman due to corruption and irregularities. In this he was deprived of many immoral benefits. Enraged by this, he attacked officers and workers with hired armed terrorists in the company’s factory, and even fired shots. Anisur Rahman was arrested and jailed along with the weapon in this incident. Based on the complaint of this corrupt chairman, BSEC reconstituted the board of Simtex Industries. Simtex’s Chief Financial Officer (CFO) MA Abul Shahjahan said, those with whom the new board of directors has been formed have no knowledge about this. Due to their unwanted interference, there will be production disruption, marketing activities, administrative disruptions. There were fears that the company would close down soon. We applaud the judgment of the High Court. In this regard, the current chairman of the board of directors, Major General (retd) Md. Sarwar Hossain, said that Anisur Rahman has misappropriated the company’s money in various ways while he was the chairman. The current board of directors has reached twice the dividend than that time. Even after this he is creating many problems. Actually he is not able to lose money now. So trying to take a different approach.