Dhaka, March 5 -- Employees of the Bangladesh Securities and Exchange Commission, or BSEC, have demanded the resignation of the regulatory body's Chairman Khondoker Rashed Maqsood.

As Maqsood and other commission members were leaving the office on Wednesday, escorted by army personnel and law enforcers, the employees began chanting slogans calling for his resignation.

Speculation had been brewing as the main entrance to the BSEC had been shut throughout the day and the arrival of army personnel in the afternoon added further intrigue.

From 10:45am to 3:00pm, no one was allowed inside the office of the capital market regulator. Just before 3:30pm, a team from the army arrived and took up positions on the premises.

It followed the BSEC ...