2024-09-12 16:25:40
Dhaka Stock Exchange (DSE) member brokerage house Hazrat Amanat Shah Securities and the company’s trader. An investor named Riazul Islam has accused Imran Chowdhury of fraud. After opening a BO account in the brokerage house and investing 34 lakhs in the capital market, he is now calm after getting back one lakh rupees. Riazul Islam alleged that Imran Chowdhury, the representative of Brokerage House, regularly bought and sold shares without approval.
Following this, investor Riazul Islam has written a letter to the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) on September 9, demanding the punishment of the accused.
Investor Riazul Islam said in the letter, I am alleging that Md. Imran Chowdhury is my previous acquaintance. Hazrat Amanat Shah told me that he works as a trader in securities. He asked me to invest in the stock market due to prior acquaintance and told me that he would code a BO account with Amanat Shah Securities at the rate of 30 paisa. Later through him I code BO to Amanat Shah Security (BO ID No: 1204570073745655) and deposit 24 lakhs. After the first two or three trades, I got a profit of Rs 4 to 5 lakhs, from there he pressured me to withdraw Rs 2 lakhs. I reply that when I withdraw the money I will be satisfied and give you some money, he is unhappy with that. Later I noticed, he was trading aggressively in my BO code and was buying and selling shares every three days. This caused my code money to decrease rapidly. Seeing this I banned him from trading and tried to contact Amanat Saha Security. When trying to contact the manager there he seems very busy and he says to contact the second manager. Contacted the manager about my problem and prohibited Imran from doing any trade without permission on my BO code. I asked him for a summary of all the trades in my code, and he said that the summary could not be retrieved and e-mailed due to a problem with their IT. Later I meet with Imran about my code and discuss how to recover the loss.
The letter further informs, he told me that if I deposit some more money, he will talk to some gamelers and Abul Khair Hiru (Deputy Registrar of Cooperatives Department) and buy some shares, within two months all the money will be covered and profit will be made. Even, she shows her picture with Hiru. As per his advice, I deposit 10 lakh rupees again under the condition that I cannot trade without informing me and ask to buy some new shares and keep them. Later I am busy with my personal work outside the country and at different times. After 5-6 months, when I need money, I want to sell my shares, then I noticed that various shares were bought at the highest price of the year and sold at almost half the price and bought and sold shares after three days because of the extra commission. When I asked him about this incident, he replied that this sale was done by his friend. Later, after making many requests, I asked him to sell all my shares and give me my money, so he gave me only one lakh and five thousand rupees. Later I came to know through various channels that they are the privileged brokers employed by the said house, who are used by the said house to sell their own and some of their trusted stake holders’ shares at high prices to various party codes. On inquiry, it is known that Imran Chowdhury Gong is the admin of the group named ‘BD STOCK MARKET’ on Facebook. He makes various tempting offers and spreads rumors there to benefit himself and the House. Some proofs are attached. In such a situation, my urgent request is to investigate and punish this House and its associates.
Riazul Islam told reporters, “I am crazy now after losing all the money.” Now my family is living a very inhumane life. I am BSEC Chairman Hazrat Amanat Shah Securities and the company’s trader. Imran Chowdhury is strongly demanded to be brought under punishment.
If you try to contact about this, Md. Imran Chowdhury’s mobile number is found to be switched off. However, when contacted about the complaint, the Managing Director of Hazrat Amanat Shah Securities. Abul Hasnat told RisingBD that this allegation is completely false. He has made false allegations to tarnish the reputation of our organization.