Shibli Rubayat-Ul Islam and his gang have ruined my children’s future, claimed Nasir Uddin, a stock market investor, as he began a hunger strike with his two children outside the Bangladesh Securities and Exchange Commission (BSEC) on Tuesday.
Nasir, a resident of Daganbhuiyan, Feni, is demanding that those responsible for the destruction of the capital market be brought to justice, their laundered money returned to Bangladesh, their assets confiscated and the funds disbursed to compensate affected investors.
Active in the stock market since 2010, Nasir invested over Tk 46 lakh but claimed he has never profited from the capital market. “My portfolio has been negative for years and I have lost Tk 28.5 lakh. I am completely bankrupt and in debt and former BSEC chairman Shibli Rubayat-Ul Islam should be held responsible for this,” Nasir told The Business Post on Tuesday.
Standing with his son and daughter, Nasir vowed to continue his hunger strike until his demands are met. “Until I receive compensation for my losses, I will continue this hunger strike, even to the point of death. My children are deprived of their basic rights because I cannot afford to send them to school or provide them with food,” he added.
Nasir also condemned the broader financial mismanagement in the country, accusing a specific group of laundering thousands of crores of taka under Shibli Rubayat-Ul Islam’s supervision. “Shibli Rubayat-Ul Islam destroyed the capital market and millions of shareholders. Under his watch, a particular group of people embezzled public funds,” he asserted.
“They laundered thousands of crores of taka from the capital market. The banking sector scams have severely impacted the share market and small investors like us are bearing the brunt,” he continued.
“This inhuman mental torture has destroyed everything inside me. Small investors like me are now on the verge of suicide after losing everything,” he lamented.
In a desperate plea, Nasir called on the chief advisor and the current BSEC chairman to take immediate action. “If I do not receive compensation, I have no choice but to commit suicide, and Shibli Rubayat-Ul Islam will be responsible,” he declared.
