total number of appeals, suits and cases, both civil and criminal, filed
by and against SEC in different courts is 54. A list of these 54 cases
with the names of courts in which these are pending is given below:
Twelve appeals in respect of scam cases filed by the Commission against the decisions of the Hon’ble High Court Division are pending before the Hon’ble Appellate Division for final hearing. Date for hearing is yet to be fixed.
The remaining 3 cases are awaiting trial in the 2nd Court of Addl. Metropolitan Sessions Judges, Dhaka. Of these three cases, proceedings in two of them have been stayed by the Appellate Division.
Writ Petition filed by Mr. A. Wahab, FCAand Mr. Syful Islam challenging the amendment of Securities and Exchange Rules, 1987:
Two writ petitions were filed by Mr. A. Wahab, FCA and Mr. Syful Islam challenging the certain amendments made by the Commission in 2000 in the Securities and Exchange Rules, 1987. The Hon’ble High Court Division discharged the Rules on 23.8.2000. Two provisional petitions for leave to appeal in the Appellate Division against the said orders of the Hon’ble High Court Division are pending before the Hon’ble Appellate Division with an order stay from the chamber.
Criminal case against Mark Bangladesh Shilpa & Engg. Ltd:
on enquiry report criminal case has been filed by the Commission against
Mark Bangladesh Shilpa & Engg. Ltd. in the Court of Chief Metropolitan
Magistrate (Petition suit No. 136/2000) which is under process.
SEC filed criminal case against Wonderland Toys Ltd:
Based on an inquiry committee report under section 25 of the Securities and Exchange Ordinance, 1969, SEC has filed a Criminal Case in the Chief Metropolitan Magistrate Court, Dhaka against Wonderland Toys Ltd. and its issue manager National Securities and Consultant Ltd. The court has issued summons against the accused.
Non-compliance of SEC directives etc.-cases for penalty realization:
The Commission has filed certificate cases against Sonali Paper and Board Mills Ltd. and against Bangladesh Autocars Ltd. for recovering penalty imposed by it against the companies for non-compliance of SEC directives.