Investors have demanded that directors of 27 companies listed in the capital market and downgraded to Z category recently, should be banned from leaving the country and their personal bank accounts should be frozen.
At the same time, investors have also demanded that the chairman of Bangladesh Securities and Exchange (BSEC) Khandkar Rashed Maksood should resign taking blame for incompetence because of continuous price fall in the stock market.
The demands were raised at a press conference under the banner of Bangladesh capital market Investors United Council at CMJF Auditorium in Paltan on Saturday.
In a written statement, Ataullah Nayem, the president of the organization, said beneficiaries of the previous government, who have been undermining all institutions related to capital market, are now trying to create instability in the capital market.
He said effective initiatives should be taken to gain confidence of investors by removing mutual mistrust and taking well-thought-out views of all stakeholders on capital market issues. Otherwise, investors have urged the chairman of BSEC to step down taking responsibility of continuous market decline.
He said "One person of investors' families who lost everything due to market manipulation in the last 15 years and died of suicide and heart attack should be given a good job as compensation. Moreover he demanded that the relevant authorities should provide 50 percent of capital to investors who have lost capital since 2010."
He said due to identified manipulators, innocent investors have come under attacks and cases of by the previous government while protesting to protect investors' capital. They are now living a sub-human life and in extreme financial crisis. So all false and harassing cases must be unconditionally withdrawn and compensation should be arranged for money spent in all the false case.
Ataullah Nayem also said in the press conference that arbitrariness of companies listed in the capital market deprived them of correct information and dividends. These companies resorted to various corruptions to deprive the investors.
He said they held AGM and passed the company's agenda without their opinion. . Kinds of rights are being taken away. He also urged that monitoring system should be strengthened immediately to investigate the ongoing irregularities and corruption.
Moreover, the companies plan to launch new IPOs should be investigated to detect frauds.
