2024-09-12 11:38:43
Published: 17:12, 11 September 2024
The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has decided to ban the departure of the directors, managing directors or chief executive officers of two brokerage houses that are members of the capital market. At the same time, it has been decided to stop withdrawing money from the bank accounts of the managers of the two brokerage houses and block all BO accounts. The two brokerages are Dhanmondi Securities Limited and PFI Securities Limited.
This decision was taken in the 920th commission meeting held on Tuesday (September 10) under the chairmanship of BSEC Chairman Khandkar Rashid Maqsood. This information was informed in a press release signed by Farhana Farooqi, Director and Spokesperson of BSSE on Wednesday (September 11).
Dhanmondi Securities Limited’s application for extension of time to meet shortfall in Consolidated Customers Amount is denied, said a press release on Dhanmondi Securities. At the same time all the conditions mentioned in the Commission’s directive issued on March 22, 2022 (BAEC/SXRI/CCA/DSE/2021/910) are reimposed. Besides, sending letter to Bangladesh Financial Intelligence Unit (BFIU) to stop withdrawal of all bank accounts of Directors, Managing Director/CEO of Dhanmondi Securities Limited, issuing instructions to Central Depository Bangladesh Limited to freeze all BO accounts of said persons and discussed stock brokers. A request letter will be sent to the special branch of the police to ban the departure of the company’s board of directors, managing director/CEO.
According to the press release on PFI Securities, PFI Securities Limited’s application for extension of time to meet the shortfall in Consolidated Customers Amount is denied. At the same time all the conditions mentioned in the Commission’s directive issued on March 22, 2022 (BAEC/SXRI/CCA/DSE/2021/910) are reimposed. Besides, sending letter to Bangladesh Financial Intelligence Unit (BFIU) to stop withdrawal of money from all bank accounts of Directors, Managing Director/CEO of PFI Securities Limited, issuing instructions to Central Depository Bangladesh Limited to block all BO accounts of the said persons and stocks in question. A request letter will be sent to the special branch of the police to ban the departure of the board of directors, managing director/CEO of the broker company.
NT/Rafiq