Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubaiyat-ul-Islam has resigned. On Saturday, he sent his resignation letter to the secretary of the financial institutions department of the finance ministry. Shibli Rubaiyat confirmed this to various Media.
Prime Minister Sheikh Hasina reappointed him for 4 years on April 28 this year despite opposition from concerned parties. Earlier on 17 May 2020, he became the Chairman of BSEC for the first time.
This professor of finance department of Dhaka University was annoyed in many ways in the appointment in the first term. At that time he was very reckless in various crimes. He has built a mountain of wealth in the country and outside the country with various benefits by manipulating the stock market. Along with the criminal gangs, huge dishonest syndicates have developed. The syndicate includes Commission officials, stock exchange board members, university teachers, gamblers, businessmen, influential bureaucrats, Prime Minister’s Office, Finance Ministry and various law enforcement officials and media persons.
Shibli Rubaiyat joined BSEC in 2020 bearing the burden of defaulted loans. After coming here, the major charge against him was to take over the company by breaking the board of the weak company in a novel way. During his tenure, 26 companies changed ownership in three years. It has become a hideout for criminals.
Prior to BSEC, he served as the Chairman of General Insurance Corporation. He served as general secretary and senate member and treasurer of Dhaka University Teachers Association several times. He also served four times as the Dean of the Faculty of Commerce.
