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The probe body on the recent debacle on the stockmarket will start working on Sunday, and will complete the assignment 'precisely' in time, said Khondkar... Ibrahim Khaled, chief of the committee.

The three-member committee will also sketch a detailed 'work plan' to carry out the investigation into massive swings of the stockmarket, Khaled told reporters after a meeting with SEC officials.

The two other committee members are Prof Toufiq Ahmad Choudhury, director general of Bangladesh Institute of Bank Management, and Abdul Bari, former president of Institute of Chartered Accountants of Bangladesh.

"We hope to complete the task precisely within the timeframe," said Khaled, also chairman of Bangladesh Krishi Bank.

He said they will start the investigation with the existing workforce, and if necessary, they will seek more hands.

After the preparatory meeting with the officials of the Securities and Exchange Commission, Khaled said: "We, the committee members as well as the SEC officials, did not know each other before. We just met officially."

Asked about a separate office for the committee, he said they discussed the issue with the SEC. "It seems there is no suitable place within the SEC for the probe committee," he said.