ACC probing IPO anomalies complaints against BSEC chair Khairul

Staff Correspondent | Published: 00:00, Aug 21,2019


The Anti-Corruption Commission has initiated an investigation into complaints about money laundering and fund embezzlement through approving initial public offerings of weak companies against Bangladesh Securities and Exchange Commission chairman M Khairul Hossain.

The ACC on August 7 appointed its assistant director Mamunur Rashid Chowdhury as investigation officer to probe the complaints.

According to an ACC letter issued on the day, the commission received complaints that Khairul in collusion with some quarters had embezzled money through approving low-profile companies’ IPOs and selling shares on the stock market.

Details of the complaints, however, could not be known.

The ACC asked Mamunur to secretly collect documents relating to the complaints.

The commission also asked him to complete the investigation and submit to it a report on the probe as soon as possible.   

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email