16 BSEC officials sued for confining chairman, commissioners for 4 hours | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
May 10, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, MAY 10, 2025
16 BSEC officials sued for confining chairman, commissioners for 4 hours

Bangladesh

TBS Report
07 March, 2025, 12:25 pm
Last modified: 07 March, 2025, 10:16 pm

Related News

  • Case filed against Hasina, former CECs for holding voter-less elections
  • Protesters demands withdrawal of criminal case against Sufi Mizan in Ctg
  • Protesters demand withdrawal of criminal case against PHP Family Chairman Mizanur
  • ICT orders to re-quiz ex-IGP Shahidul in Jahajbari murder
  • 21 August grenade attack case: Appellate Division to hear state's appeal against acquittals Tuesday

16 BSEC officials sued for confining chairman, commissioners for 4 hours

TBS Report
07 March, 2025, 12:25 pm
Last modified: 07 March, 2025, 10:16 pm
Logo of BSEC/File photo
Logo of BSEC/File photo

A case has been filed against 16 officials of the Bangladesh Securities and Exchange Commission (BSEC) for confining its chairman and commissioners inside a meeting room for four hours on Wednesday (5 March).

The complaint was lodged on Thursday (6 March) by Ashiqur Rahman, the security personnel assigned to BSEC Chairman Khondoker Rashed Maqsood, at Sher-e-Bangla Nagar Police Station.

Mohammad Golam Azam, the officer in charge of Sher-e Bangla Nagar Police Station, confirmed that the accused are facing charges of assault, vandalism, and confinement.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The dispute began following the forced retirement of BSEC's Executive Director Saifur Rahman, sparking outrage among officials and employees.

On Wednesday, the BSEC officials staged a protest with four demands, including the reinstatement of Saifur Rahman and the removal of the new chairman and commissioners. 

They confined the chairman and three commissioners inside a meeting room for nearly four hours. The situation was brought under control after army personnel intervened and rescued them.

As a continuation, BSEC officials observed a work abstention on Thursday, calling for the resignation of the chairman and the entire commission. As a result, BSEC's operations remained halted throughout the day.

Meanwhile, on Thursday morning, BSEC Chairman Khondoker Rashed Maqsood and the three commissioners briefed top government officials, including the finance adviser and the secretary of the Financial Institutions Division, about the situation. 

Later in the day, the chairman and commissioners returned to the office around 3pm under strict security measures by joint forces.

Following these developments, the chairman's security personnel filed a case regarding Wednesday's incident. The case names 16 BSEC officials, including former executive director Saifur Rahman, 58, Executive Directors Mahbubul Alam, 57, and Rezaul Karim, 54, and other senior officials such as directors, deputy directors, and assistant directors.

According to the complaint, while a scheduled commission meeting was in progress, a group of officials led by the accused forcibly entered the meeting room and confined the chairman and commissioners. 

They allegedly locked the main gate, disabled CCTV cameras, Wi-Fi, elevators, and electrical connections, causing panic within the commission premises.

Top News

BSEC / case

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • India's air defence system intercepts objects in the sky during a blackout following multiple blasts in the city of Jammu, May 9, 2025 REUTERS/Adnan Abidi
    Blasts rock Indian Kashmir, Amritsar as Pakistan conflict escalates
  • Shahbag filled with thousands demanding ban on AL on 9 May. Photo: Md Foisal Ahmed/TBS
    Demand to ban AL: Shahbagh blockade to continue, mass rally Saturday at 3pm, says Hasnat
  • Photo: Collected
    Freight train derails in Brahmanbaria; Dhaka's rail link with Ctg, Sylhet snapped

MOST VIEWED

  • Bangladesh Investment Development Authority (Bida) Chairman Ashik Chowdhury speaks to media in Chattogram on 8 May 2025. Photo: TBS
    Free Trade Zone to be established on 400 acres in Ctg, AP Moller-Maersk to invest $800m: Bida Chairman
  • Why Atomic Energy Commission resists joining govt's digital payment system
    Why Atomic Energy Commission resists joining govt's digital payment system
  • Infographic: TBS
    Only 6 of Bangladesh's 20 MiG-29 engines now work – Tk380cr repair deal on table
  •  Fragments of what Pakistan says is a drone. May 8, 2025. Photo: Reuters
    Pakistan denies involvement in drone attack in Indian Kashmir, calls it ‘fake’
  • A pink bus stops mid-road in Dhaka’s Shyamoli on Monday, highlighting the challenges facing a reform effort to streamline public transport. Despite involving 2,600 buses and rules against random stops, poor enforcement, inadequate ticket counters, and minimal change have left commuters disillusioned and traffic chaos largely unchanged. Photo:  Syed Zakir Hossain
    Nagar Paribahan, pink bus services hit snag in Dhaka's transport overhaul
  • Chief Adviser Dr Md Yunus meets secretaries at his office on 4 September 2024.Photo: Collected
    Chief adviser to sit with stakeholders on Sunday to address capital market crisis

Related News

  • Case filed against Hasina, former CECs for holding voter-less elections
  • Protesters demands withdrawal of criminal case against Sufi Mizan in Ctg
  • Protesters demand withdrawal of criminal case against PHP Family Chairman Mizanur
  • ICT orders to re-quiz ex-IGP Shahidul in Jahajbari murder
  • 21 August grenade attack case: Appellate Division to hear state's appeal against acquittals Tuesday

Features

Kadambari Exclusive by Razbi’s summer shari collection features fabrics like Handloomed Cotton, Andi Cotton, Adi Cotton, Muslin and Pure Silk.

Cooling threads, cultural roots: Sharis for a softer summer

8h | Mode
Graphics: TBS

The voice of possibility: How Verbex.ai is giving AI a Bangladeshi accent

8h | Panorama
Graphics: TBS

Why can’t India and Pakistan make peace?

1d | The Big Picture
Graphics: TBS

What will be the fallout of an India-Pakistan nuclear war?

1d | The Big Picture

More Videos from TBS

IPL Suspended Until Further Notice

IPL Suspended Until Further Notice

9h | TBS Stories
Cardinal Prevost elected Pope Leo XIV

Cardinal Prevost elected Pope Leo XIV

13h | TBS Stories
Pakistan’s F-16 jet shot down by India

Pakistan’s F-16 jet shot down by India

13h | TBS World
Why is China confident that the U.S. will lose the trade war?

Why is China confident that the U.S. will lose the trade war?

1d | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net