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Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood has made it clear that he will not step down despite ongoing protests from BSEC employees. The employees are demanding his resignation over accusations of corruption and mismanagement in the capital market.
On Wednesday, staff confined the chairman and three commissioners to their offices for hours, but they were later escorted out by security forces. When they returned the next day, their nameplates had been broken.
Maqsood, speaking to journalists on Thursday, confirmed that investigations into irregularities in the market were ongoing, with reports to be published soon. However, he declined to answer further questions about his communication with government officials.
Meanwhile, BSEC employees continue their strike, claiming that the commission’s actions are hurting investor confidence and destabilizing the market. They accuse the leadership of mistreating staff, failing to enforce the law, and making unethical appointments.
