The DSE Brokerage Association on Monday said that instead of stopping market manipulation and ensuring transparency, the two previous chairmen of the Bangladesh Securities and Exchange Commission participated in illegal activities.
During the past 14 years from 2011 to 2024, M Khairul Islam and Shibli Rubayat-Ul Islam performed duties as chairmen of the stock market regulatory commission. Investors during this period lost all their confidence in the market due to the unprofessional and unethical activities of these two chairmen, the DBA said.
In a press conference organised by the DBA on the day, the association of brokers said that hundreds of thousands of investors lost their shirts and left the capital market of the country after the market fall in 2009-2010.
The organisation expressed concerns over how the commission took refuge in corruption and irregularities by listing unfit, bad and bankrupt companies in the market through initial public offerings.
