Former chairman of the Bangladesh Securities and Exchange Commission (BSEC) Shibli Rubayat Ul Islam. Photo: BSS

DHAKA, Feb 6, 2025 (BSS) - A court here today ordered the Anti-Corruption Commission (ACC) to interrogate former chairman of the Bangladesh Securities and Exchange Commission (BSEC) Shibli Rubayat Ul Islam and contracting firm Max Group chairman Engineer Golam Mohammad Alamgir at jail gate in separate graft cases.

Dhaka Metropolitan Sessions Judge Md Zakir Hossain Galib passed the order this afternoon.

The court passed the order as the anti-graft body pleaded to place them on a 10-day remand in each respective case.

The Anti-Corruption Commission (ACC) filed the two cases on February 5 and the court sent them to jail after showing them arrested in the cases.

Detective Branch (DB) of Police arrested Shibli Rubayat Ul Islam from the city's Dhanmondi area, while Engineer Golam Mohammad Alamgir was arrested from Shahjalal International Airport on February 4.

According to the case documents, Shibli Rubayat Ul Islam during his days in BSEC as its chairman received a bribe of Taka 1.92 crore from one Monarch Holdings Limited owned by another accused Zaved A Matin.

To give the money a sense of legitimacy, Shibli Rubayat penned a fake house rent deed with Matin and showed the bribe money as rent on the documents.

He also took Taka 1.84 crore as a bribe from an unauthorized company Jhin-Bangla Fabrics. Shibli Rubayat Ul Islam took bribe of a total of Taka 3.76 crore in the two cases and his five associates helped him to bring the bribe money through banking channels.

The ACC also accused Max Group chairman Engineer Golam Mohammad Alamgir of amassing an illegal wealth of Taka 27.86 crore in the case against him. 

He is accused of manipulating tenders floated by Bangladesh Railway using political influence in the last 16 years.