Dhaka, May 22 -- The Bangladesh Securities and Exchange Commission (BSEC) has frozen a total of 617 beneficiary owner (BO) accounts due to various forms of misconduct and non-compliance in the capital market.

Speaking to The New Nation, BSEC spokesperson Abul Kalam stated that the actions were taken in response to court orders and requests from several government agencies regarding capital market irregularities.

He added that some accounts were frozen as part of the commission's own disciplinary measures following internal investigations.

Commission sources revealed that the majority of the account freezing occurred after the fall of the Awami League government in August last year.

Among those affected are 33 influential individuals a...