15 Years of Fraud: The Trillion Taka Capital Market Mystery

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15 Years of Fraud: The Trillion Taka Capital Market Mystery

During the tenure of the Awami League government, one trillion or one lakh crore taka has been embezzled from the country’s capital market in the last 15 years. This information has emerged in the white paper drafting committee report.

According to the report, this money was embezzled from the stock market through fraud, manipulation, placement shares and fraud in IPO or initial public offering.

At the end of the three-month search yesterday Sunday, the chief adviser. The White Paper Drafting Committee handed over the final report to Muhammad Yunus. The committee was headed by Debapriya Bhattacharya, an honorary fellow of the private research institute Center for Policy Dialogue (CPD) and prominent economist.

A large network of manipulation developed between influential entrepreneurial groups, issue managers, auditors and investors in the stock market, the white paper reports. Market intermediaries have gone bankrupt, their equity has gone negative by Tk 30,000 crore. It has been mentioned in the white paper that the criminals of the banking sector were also behind destroying the confidence in the stock market.

It is said that the Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the stock market, has failed to fulfill its responsibilities due to the interference of a vested interest.

Following the approval of the Chief Adviser to the Interim Government on August 29, a white paper drafting committee headed by distinguished economist, Center for Policy Dialogue (CPD) Honorary Fellow Debapriya Bhattacharya was constituted.

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