In light of a letter received from the Director General of the Trade Organisation (DTO) Wing of the Ministry of Commerce, the BASIS Executive Council 2024-26 has provided an explanation clarifying their position regarding the dissolution of the Executive Council and administrator appointment.

According to the memorandum no. 26.00.0000.157.33.028.98.795 from the Ministry of Commerce;s DTO wing, an office order was issued on 4 December 2024. The order mentions the resignation letters of BASIS President Russell T. Ahmed and Vice President (Finance) Iqbal Ahmed Fakrul Hasan were not submitted to the DTO.

It is noteworthy that on 24 October 2024, through memorandum no. BASIS/DTO/9649/24, the DTO was officially informed that these individuals had resigned from the BASIS Executive Council for personal reasons. Again, on 10 November 2024, through memorandum no. BASIS/DTO/9669/24, DTO was notified about the resignation. On 18 November 2024, through memorandum no. BASIS/DTO/Hearing/9679(3)/24, a three-page detailed description was submitted to the Ministry of Commerce, which included resignation letters and relevant documents. In addition, at the 332nd Executive Council meeting held on 30 October 2024, a decision was unanimously made to reconstitute the Executive Council through a regulatory process, and this matter was appropriately communicated to the concerned authorities.

Another paragraph in the mentioned office order refers to Former President of BASIS, Russell T. Ahmed;s absence from the hearing and failure to provide any response. However, it is crucial to clarify that during the said hearing, Russell T. Ahmed was not a member of the BASIS
Executive Council. He officially submitted his resignation to BASIS Secretariat on 17 October 2024, which was later properly communicated to the relevant authorities, as mentioned earlier. Consequently, after his resignation, he had no official role or responsibility in the Executive Council, and thus his presence or involvement in the hearing was not necessary.

Furthermore, the allegation of lack of coordination in the current Executive Council; activities, as mentioned in the office order, is baseless and calls into question the efficiency and transparency of BASIS operations. The current Executive Council has successfully organized
over 100 meetings, seminars, and workshops in the past four months. Each activity has been implemented with extremely specific goals and timely planning.

The explanation of several pieces of information clarifying their position has been sent via email to the DTO today. All the aforementioned information and data are also preserved in the BASIS Secretariat.

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