BSEC sends 17 officials to compulsory retirement, five face minor penalty

The Bangladesh Securities and Exchange Commission (BSEC) has sent 17 officials to compulsory retirement and demoted five others in pay grade for violating service rules, according to commission sources.

The decisions were taken at a BSEC commission meeting on Tuesday (August 18).

Earlier, on July 23, the commission had issued show-cause notices to the officials asking why disciplinary action should not be taken against them.

BSEC sources said those sent to compulsory retirement include Executive Director Rezaul Karim, Directors Abul Hasan and Mohammad Fakhrul Islam Majumdar, Additional Directors Nazrul Islam and Molya Md Miraj Us Sunnah, Joint Director Rashedul Alam, Deputy Directors Md Nannu Bhuiya, Kazi Md Al-Islam, Shahidul Islam, Boni Yamin Khan and Touhid Hasan, Assistant Directors Aminul Haque Khan, Abdul Baten and Sazzad Hossain, and Personal Officers Abu Yusuf, Kausar Pasha Brishti and Samir Ghosh.

Meanwhile, those demoted in pay grade are Assistant Directors Joni Hossain, Rayhan Kabir, Tarikul Islam, Maksud Mila and Librarian Selim Reza Bappi.

Earlier this year, BSEC had sent Director Abu Rayhan Md Mohtasin Billah to compulsory retirement.

Earlier, the compulsory retirement of two officials had sparked uncertainty among BSEC employees, leading to an unprecedented situation where officials surrounded the chairman and commissioners in protest .