Chief Adviser Dr. Muhammad Yunus has said the government must restore confidence in Bangladesh’s sock market through urgent reforms and ensure it does not become a haven for looters. Ironically, Yunus and his associates are accused of laundering over Tk 900 billion in just the past seven months.
Speaking at a high-level meeting at his Jamuna residence on Sunday (May 11), Yunus said the capital market must be restructured so that the public can trust it again. The meeting was convened in response to continued investor protests and a prolonged market downturn. The Chief Adviser’s press wing confirmed the remarks through an official statement.
“Unless those who have been involved in destabilizing the stock market through looting over the decades are brought to justice, confidence cannot be restored,” Yunus said. “The current state of the market is unimaginable. We must urgently reverse this situation.”
Present at the meeting were Financial Adviser Salehuddin Ahmed, Special Assistant for Finance Anisuzzaman Chowdhury, and Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandaker Rashed Maksud.
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