BSEC to take action against corrupt officials within six months | 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

Wednesday
May 28, 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
WEDNESDAY, MAY 28, 2025
BSEC to take action against corrupt officials within six months

Stocks

TBS Report
25 May, 2025, 10:25 pm
Last modified: 25 May, 2025, 10:26 pm

Related News

  • BSEC cancels GPH Ispat's rights share offer
  • BSEC to appoint independent directors to Z-category firms
  • DSE brokers' assoc call for listing CDBL on stock exchanges
  • DSEX falls below 4,700, hits 5-yr low
  • Crisis of confidence: Why the Bangladesh stock market is faltering

BSEC to take action against corrupt officials within six months

TBS Report
25 May, 2025, 10:25 pm
Last modified: 25 May, 2025, 10:26 pm
Logo of BSEC/File photo
Logo of BSEC/File photo

The Bangladesh Securities and Exchange Commission (BSEC) has announced its intention to take action within the next six months against officials and employees of capital market-related institutions who face specific allegations of misconduct and corruption.

The regulator, on 18 May, sent a letter to the Financial Institutions Division of the finance ministry, detailing a timeline for implementing five key directives issued by the chief adviser during a high-level meeting held on 11 May.

The directives include: Offloading shares of foreign and state-owned enterprises, increasing tax gap between listed and unlisted companies, initiating reform measures with the help of foreign experts within three months, taking strict action against irregularities and corruption in the capital market, and enabling large companies to raise funds from the capital market instead of relying on bank loans.

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

To ensure timely execution, BSEC, in its letter, has outlined responsibilities for various government bodies. For instance, the Ministry of Industries and the Financial Institutions Division are tasked with offloading foreign and state-owned shares within six months. The National Board of Revenue (NBR) is expected to introduce incentives for the capital market in the upcoming budget. Bangladesh Bank is to take necessary steps within six months to facilitate fund-raising from the capital market as an alternative to bank borrowing.

Speaking at a seminar organised by the DSE Brokers Association on Saturday, BSEC Commissioner Mohsin Chowdhury said that the regulator is actively working to implement the chief adviser's five-point plan. 

He mentioned that BSEC is closely coordinating with the finance ministry, industries ministry, and Bangladesh Bank, and has provided them with specific timelines for execution.

However, concerns remain over the depth of the government's commitment. At the same seminar, Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD), questioned the government's actual progress on these fronts—particularly in terms of incentives for foreign investors, benefits for listed firms, resolving legal ambiguities, and listing state-owned enterprises. 

He expressed surprise that three or four of the five directives appear to be the government's responsibility alone.

Debapriya further emphasised that for reforms to have long-term impact, they must be "specific, actionable, and implemented through a transparent and inclusive process that fosters shared ownership." 

He cautioned that relying solely on foreign technical expertise is unsustainable without domestic ownership.

Earlier in April, 21 BSEC officials were suspended for violating service rules amid a rare employee protest demanding the resignation of BSEC Chairman Khondoker Rashed Maqsood.

While a probe committee formed by Maqsood has submitted multiple reports on market irregularities, critics cited that no significant actions have yet been taken based on their findings.

Bangladesh / Top News

Stock Market / Bangladesh Securities and Exchange Commission (BSEC)

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

  • Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in the prime minister's office in Jerusalem, 19 March, 2023. File Photo: Reuters
    Netanyahu says Hamas Gaza chief Mohammed Sinwar has been eliminated
  • Leaders and activists of BNP gather at Nayapaltan ahead of the rally of three BNP affiliated organisations on Wednesday, 28 May 2025. Photo: Rajib Dhar/TBS
    Start preparing to ensure election is held within December: Tarique issues instructions at youth rally
  • Representational image. Photo: Collected
    Bangladesh to celebrate Eid-ul-Adha on 7 June

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • Graphics: TBS
    Suspicious banking activities surge by 56% since July: Cenbank
  • Representational image of cable car/Freepik
    Cable car to be installed from Himchari to Reju Khal in Marine Drive Road
  • Illustration: TBS
    Bangladesh sees highest-ever per capita income of $2,820 in FY25, BBS provisional data shows
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'

Related News

  • BSEC cancels GPH Ispat's rights share offer
  • BSEC to appoint independent directors to Z-category firms
  • DSE brokers' assoc call for listing CDBL on stock exchanges
  • DSEX falls below 4,700, hits 5-yr low
  • Crisis of confidence: Why the Bangladesh stock market is faltering

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

1d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

2d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

3d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

3d | Wheels

More Videos from TBS

Google Pay likely coming to Bangladesh soon

Google Pay likely coming to Bangladesh soon

54m | TBS Programs
Poor documentation, evidence plague stolen asset recovery efforts

Poor documentation, evidence plague stolen asset recovery efforts

2h | TBS Insight
Donald Trump warns Vladimir Putin he is 'playing with fire' over Ukraine

Donald Trump warns Vladimir Putin he is 'playing with fire' over Ukraine

2h | TBS World
Families of those injured and martyred in the July coup protest in the capital

Families of those injured and martyred in the July coup protest in the capital

3h | TBS Today
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