False propaganda and fabricated allegations against BSEC and its Chairman

Perpetrators belonging to an evil force who failed to secure undue privileges from Bangladesh Securities and Exchange Commission (BSEC) are reportedly trying to malign the image of BSEC and its Chairman Professor Shibli Rubayat Ul Islam.

Professor Shibli Rubayat Ul Islam has reconstructed the board of directors of some financial institutions and insurance companies over corruption and irregularities since joining BSEC as the organization’s Chairman. These bold steps by the BSEC Chairman have angered the culprits who stealthily work for destabilizing the country’s stock markets. The same nexus was at the back of the collapse of the country’s share markets twice in the past.

Moreover, Professor Shibli Rubayat Ul Islam placed honest and competent officials in the top posts of some financial companies. Professor Shibli Rubayat Ul Islam even did not hesitate to take stern actions against some bank owners.

Some unscrupulous people unjustly raised the floor prices of some shares and caused massive damages to the stock exchanges which have endangered a lot of investors. This group of financial fraudsters also try to monopolize Bangladesh’s share markets but they are not being able to do so because of the vigilance of Professor Shibli Rubayat Ul Islam.

False propaganda and fabricated allegations against the BSEC Chairman are being instigated to tarnish his fame. Even reports have surfaced that some vicious quarters wanted to extort huge sums of money from the BSEC Chairman. Professor Shibli Rubayat Ul Islam denied to bow down his head to these diabolic flocks.

The BSEC Chairman also degraded some companies in the share market from A to Z category because of certain anomalies. Allegedly the vile group that is working to jeopardize BSEC, the same assemblage is responsible for perils and hazards that have hammered the banking sector of Bangladesh whose main aim is to spoil the reputation of the government as the next election is just round the corner.

It should be noted that Professor Shibli Rubayat Ul Islam took charge as the vice chair for Asia Pacific Region of International Organization of Securities Commissions (IOSCO) defeating a high-profile Chinese competitor for this dignified position in October 2022. For this reason an international malicious platform is also involved in the attempts to undermine the honour of Professor Shibli Rubayat Ul Islam. The current BSEC Chairman is well-known as a man of clean image, professional transparency and integrity, according to economists.