March 5th 2025.
In Dhaka, the capital city of Bangladesh, a tense situation unfolded on Wednesday as employees of the Bangladesh Securities and Exchange Commission (BSEC) held the Chairman and Commissioners of the commission captive. The reason behind this unprecedented protest was the forced retirement of one of the Executive Directors, Saifur Rahman.
According to local media reports, an army team was called in to rescue the Bangladeshi officials as the employees continued their demonstration against the order that sent Rahman into compulsory retirement. The protesting officials raised slogans and demanded an explanation for the forced retirement, while also giving an ultimatum for the resignation of the BSEC Chairman.
One of the main demands of the protesting BSEC employees is the cancellation of the order that forced Rahman into retirement. They also demanded the withdrawal of previously-issued notices against commission employees, as well as an end to the issuing of show cause notices and unprofessional behavior towards the Commission's officers and staff. An apology was also requested.
In response to the protest, the commission officials and employees have announced a work stoppage starting Thursday unless the BSEC Chairman resigns. According to The Business Standard, another Bangladeshi daily, a BSEC official, who wished to remain anonymous, revealed that they have been confined to their offices by junior officials pressing for various demands.
This protest is just one of the many that have taken place in Bangladesh in recent months. The country has been in the midst of several nationwide movements, especially since the interim government, led by Chief Advisor Muhammad Yunus, took office.
In a recent incident, officials from 25 cadres of the Bangladesh Civil Service declared a strike in protest against the suspension of government officers. The Inter-Cadre Discrimination Elimination Council also announced a full-day work abstention in solidarity with the suspended officers, who were reportedly punished for expressing their opinions on social media.
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