2024-08-24 19:02:07
Published: 10:54, 22 August 2024 Updated: 10:54, 22 August 2024
Beneficial Owners Accounts (BO Accounts) of 11 people related to the capital market have been seized. Capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has directed the country’s two stock exchanges and Central Depository Bangladesh Limited (CDBL) to take action in this regard.
According to BSEC sources, an instruction in this regard has been issued on Wednesday (August 21).
And whose BO account has been suspended, they are – Managing Director of EBL Securities and former president of Bangladesh Merchant Bankers Association (BMBA). Chayedur Rahman, his wife Ferdausi Begum, Deputy Controller of the controversial Investor Cooperative Directorate. Abul Khair alias Hiru, his wife Kazi Sadia Hasan, Managing Director of Brokerhouse Monarch Holdings, his father Abul Kalam Matbar, his sister Kanika Afroz, his brother Sajed Matbar, Chairman of Monarch Holdings Jabed A Matin, Managing Director of CWT Asset Management Monija Chowdhury, Recently resigned BSEC chairman Shibli Rubaiyat-ul-Islam and his son Zuhair Shahriar Islam.
Due to the suspension of the BO accounts of the persons in question, no shares can be traded in these accounts. Transfer of shares will also be stopped.
Earlier on August 20, the Bangladesh Financial Intelligence Unit (BFIU) ordered the seizure of the bank accounts of 8 individuals. Those people are Shibli Rubaiyat-ul-Islam and his son Juhayer Sarar Islam, former president of BMBA. Chhaydur Rahman, Md. Abul Khair, Javed A Matin, Monija Chowdhury, Md. Delwar Hossain and Shariful Islam.
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