The Bangladesh Securities and Exchange Commission (BSEC) has formed an “Inquiry and Investigation Committee” to probe irregularities, manipulations, and corruption in the capital market. This committee has already submitted six investigation reports to the commission, as confirmed by BSEC’s Executive Director and spokesperson, Mohammad Rezaul Karim, in a press release issued on Tuesday.

The submitted reports focus on key issues, including the Beximco Green Sukuk Al Istisna, IFIC-granted Sripur Township Green Zero Coupon Bond, Best Holdings Limited’s IPO approval and issuance process, irregularities related to Al Amin Chemical Industries in the capital market, share acquisition manipulations in the block market, and compliance issues concerning its transition from OTC to the SME platform. Investigations also cover Fortune Shoes Limited’s market irregularities, dividend distribution anomalies, and share price manipulation, as well as irregularities involving Quest BDC Limited (formerly Padma Printers and Colors Limited).

The committee was formed during the 118th emergency meeting of the commission on September 27 last year, under Section 21 of the Securities and Exchange Ordinance, 1969, and Section 17(k) of the Bangladesh Securities and Exchange Commission Act, 1993. The initiative aims to restore stability, protect investors' interests, and rebuild trust in the capital market. So far, the committee is investigating a total of 12 cases.