BSEC Forms Committee to Investigate Beximco Sukuk Bonds

The Bangladesh Securities and Exchange Commission (BSEC) has established a five-member committee to investigate alleged irregularities in the issuance of two bonds by Beximco. These bonds are the Beximco Green Sukuk Al Istisna and the IFIC Guaranteed Sreepur Township Green Zero-Coupon Bond.

In addition to probing the bond issuance, the committee will investigate the selection of Bashundhara Group's ABG Ltd as the strategic partner of the Chittagong Stock Exchange (CSE).

The committee, chaired by Zia Uddin Ahmed, chairman of Terra Resources International Investment & Marketing Services Inc, USA, has been given 60 days to complete its investigation and submit a report.