M Khairul Hossain CollectedHe has returned to his original position of a professor at Dhaka UniversityThe tenure of the longest serving chairman of the Bangladesh Securities and Exchange Commission (BSEC) ended on Thursday. He has returned to his original position of a professor at Dhaka University. After stock market collapse in 2010, Professor M Khairul Hossain was appointed as the BSEC chairman for three years following the quick overhauling at the regulatory body. On August in last year, the Anti-Corruption Commission (ACC) has launched an investigation into allegations of embezzlement and money laundering against Khairul Hossain. According to the allegations, Khairul Hossain embezzled and laundered money through the process of low quality initial public offering (IPO) approval.

Source: Dhaka Tribune May 14, 2020 14:48 UTC