Shibli Rubayat-Ul Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), resigned , with the Ministry of Finance accepting his resignation. Md Mohsin Chowdhury has been appointed as the acting chairman. Shibli, who reportedly stepped down for personal reasons, had recently issued orders to remove the floor prices of six companies, which the BSEC later canceled following his resignation. He had been absent from the office for several days prior to stepping down. Shibli, a University of Dhaka professor, was reappointed as BSEC chairman in May 2024 but faced allegations, including involvement in a $13-million fraud.
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