Dhaka, Feb. 6 -- Shibli Rubayat Ul Islam, former Chairman of Bangladesh Securities and Exchange Commission (BSEC) is accused of orchestrating one of the largest financial scandals in the country's history, allegedly sending off Tk 3.76 crore to former Prime Minister Sheikh Hasina and her sister Sheikh Rehana through illegal stock market activities.
The appalling revelation was made by Dhaka Metropolitan Detective Police (DB) Chief Rezaul Karim Mallick.
Shibli was arrested during a raid in Dhanmondi on the night of February 4. According to DB Chief Mallick, Shibli's actions during his tenure as BSEC Chairman severely destabilized Bangladesh's financial institutions. He is accused of illegally transferring the colossal sum of Tk 3.76 crore ...