Bangladesh Securities and Exchange Commission has formed two separate investigation committees to examine alleged financial mismanagement, governance failures, recruitment irregularities, conflicts of interest and dismissals of officials at the Dhaka Stock Exchange. The inquiry, described as the first major investigation of the country’s main stock exchange, follows allegations involving senior DSE officials. The committees have met relevant DSE department officials and requested information from Managing Director Nuzhat Anwar by August 23, 2026.

The allegations include illegal recruitment and promotions, insider share trading, concealed purchases of stakeholder interests, misuse of price-sensitive information, leaks of confidential investor portfolio data, sexual harassment allegations and irregular dismissal of 28 officials. Former DSE chairman Ahmed Iqbal Hasan said he believed the exchange lacked governance and was controlled by a powerful syndicate, adding that the BSEC initiative was positive for the stock market.

A three-member committee formed on August 10 requested audited financial statements, management letters and internal and external audit reports for fiscal years 2023 to 2025. It also sought board meeting minutes from January 2020, recruitment records since January 2024 and committee documents. The BSEC instructed DSE to preserve all related records and emails without alteration, deletion or overwriting until the inquiry ends.