BSEC launches investigation into Salman F Rahman and S Alam

Staff Correspondent

Photo: Collected

The Bangladesh Securities and Exchange Commission (BSEC) has launched an investigation into various allegations, including stock market irregularities, against Salman F Rahman, the former Adviser for Private Industry and Investment to the Prime Minister, along with his family members as well as companies under his control. Additionally, BSEC has ordered an inquiry into Saiful Alam, the chairman of S Alam Group, as well as his wife, son-in-law, and other relatives, to determine whether any irregularities occurred in the capital market as a result of his company activities.

This information was disclosed in a directive issued today (Monday, September 9) by BSEC Director Md. Mahmoodul Haque.

According to the details, BSEC has formed a four-member committee to investigate Salman F Rahman and S Alam. The committee members are BSEC Director Mohammad Abul Hasan, Additional Director Md. Nazrul Islam, Assistant Director Amit Kumar Saha, and Tauhidul Islam Saddam.

The committee has been instructed to submit a report to the commission within 60 working days.

It is worth noting that on August 14, reports about alleged irregularities involving S Alam Group and Salman F Rahman were published in the media, prompting BSEC to initiate the investigation.

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