BSEC forms committee to investigate irregularities

The Bangladesh Securities and Exchange Commission (BSEC) on Sunday formed a five-member committee to investigate irregularities and corruption of the past.

In the first phase, the committee will investigate the alleged irregularities related to the issuance of two bonds by Beximco, said a press release.

The bonds are - Beximco Green Sukuk Al Istisna and IFIC Guaranteed Sreepur Township Green Zero Coupon Bond, reports BSS.

BSEC formed the committee at its 918th commission meeting chaired by its Chairman Khondoker Rashed Maqsood.

According to the decision of the meeting, the panel will also investigate the issuance and selection of Bashundhara Group's ABG Ltd as the strategic partner of the Chittagong Stock Exchange (CSE).

The committee, led by Zia Uddin Ahmed, chairman of Terra Resources International Investment & Marketing Services Inc, USA, has 60 days to submit the investigation report.