Prime Minister Tarique Rahman today pledged that the government will identify and take legal action against those responsible for the prolonged stock market decline that has caused heavy losses for thousands of investors.
Speaking in Parliament, the Prime Minister highlighted several factors behind the market's volatility, including price manipulation, artificial inflation, and irregularities in Initial Public Offerings (IPOs) and bonds. He also noted that years of weak regulatory oversight and poor corporate governance contributed to the crisis.
To address these issues, the Bangladesh Securities and Exchange Commission (BSEC) has already fined individuals and institutions Tk1,497 crore for their roles in market manipulation and corruption. Additionally, cases based on investigation findings have been referred to the Anti-Corruption Commission (ACC) for further action.
Prime Minister Rahman reaffirmed the government’s commitment to rebuilding investor confidence. Planned reforms include improving transparency and accountability, increasing market depth, and expanding investor education to create a more modern and sustainable capital market.
