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Investors demand PM's intervention in BSEC investigation

  • Published at 01:23 pm October 29th, 2019
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Bangladesh Pujibazar Biniogkari Oikya Parishad organizes a press conference at the National Press Club in Dhaka on Tuesday, October 29, 2019 Dhaka Tribune

Under the banner of Bangladesh Pujibazar Biniogkari Oikya Parishad, they made the demand at a press conference held at the National Press Club in Dhaka on Tuesday

Stock investors have demanded the prime minister's intervention in the investigation into corruption and unethical activities at the Bangladesh Securities and Exchange Commission (BSEC). 

Under the banner of Bangladesh Pujibazar Biniogkari Oikya Parishad, they made the demand at a press conference held at the National Press Club in Dhaka on Tuesday.

The investors urged the government to reshuffle the current commission of the capital market regulator for failure in reviving the market after the 2009-10 debacle.

Bangladesh Pujibazar Biniogkari Oikya Parishad President Mizan ur Rashid Chowdhury demanded the resignation of M Khairul Hossain, the longest-serving chairman of the BSEC.

The platform's General Secretary Abdur Razzaq said: “The BSEC chairman is working for the issuer companies and stock brokers, not for investors.”

He demanded the chairman’s resignation for what he called his failure to protect investors' rights.    

The market capitalization at Dhaka Stock Exchange (DSE) dropped by 15.51% or Tk65,411 crore in the last nine months. The prime index, DSEX lost about 1,250 points from its highest hit of 5,950 points, since January 24 this year.