The Commerce Ministry is going to appoint the long-awaited Bangladesh Competition Commission chairman this month three years after the commission came into being, official sources said.
Secretary to the ministry, Hedayetullah Al Mamoon, ndc, told the Dhaka Tribune yesterday the rule of Bangladesh Competition Commission has now been sent to the law and parliamentary affairs ministry for vetting.
“We will appoint a chairman within this month after the nod of the ministry,” he said.
According to sources in the Commerce Ministry, the much-sought after Bangladesh Competition Commission (BCC) is yet to come into being though three years have elapsed and Tk10 lakh were allocated by the Finance Division for smooth operation of the commission.
Over the past three years, the government failed to find a suitable one as the chairman for the regulatory body and formulate a competition policy, added the sources.
The government appointed joint additional Secretary Md Sujayet Ullah to the post.
As per the law, the government will select one commissioner from five possible commissioner candidates.
The BCC will be comprised of a chairperson and a maximum of four members and may investigate into any allegation on its own.
Under the law, if found guilty of violating the commission’s order, one will be punished with a jail sentence of maximum one year and a fine of up to Tk100,000 per day in case of non-compliance with the order.
The government will take appropriate measures against business syndication to ensure healthy competition in trade and commerce as per the law.