Ex-BSEC chairman Shibli barred from leaving country
Shibli has been barred from leaving the country as an Anti-Corruption Commission investigation is ongoing against him on charges of amassing illegal wealth and money laundering
A Dhaka court today (9 October) issued a travel ban on Shibli Rubayat Ul Islam, former chairman of the Bangladesh Securities Exchange Commission (BSEC).
Shibli has been barred from leaving the country as an Anti-Corruption Commission investigation is ongoing against him on charges of amassing illegal wealth and money laundering.
Dhaka Metropolitan Senior Special Judge Mohammed Ash-Shams Joglul Hossain gave this order following a plea filed by ACC Deputy Director Md Masudur Rahman, the anti-graft agency's lawyer Mahmud Hossain Jahangir, confirmed to The Business Standard.
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In the application, the ACC said they are investigating the allegation of acquiring a significant amount of illegal wealth and money laundering through various irregularities and corruption against Shibli, who also served as the dean of Dhaka University's Faculty of Business Studies.
"The person concerned is allegedly trying to leave the country. Therefore, for the sake of fair investigation, it is necessary to cancel his foreign travel privileges. In the public interest, we request that the following person be prohibited from travelling abroad," said the ACC.
