2024-09-18 22:07:16
Published: 21:54, 18 September 2024 Updated: 21:54, 18 September 2024
The Bangladesh Securities and Exchange Commission has ordered the seizure of the bank and BO accounts of the directors and managing directors or CEOs of the brokerage house Sinha Securities Limited, a member of Punjibazar. At the same time, they have been banned from leaving the country.
The 921st commission meeting was held on Wednesday (September 18) under the chairmanship of Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandaker Rashed Maqsood. After the meeting, BSEC Director and Spokesperson Farhana Farooqui signed this information.
According to the notification, the BSEC has rejected Sinha Securities Limited’s application for extension of time to clear the deficit in consolidated customers’ accounts. At the same time all conditions mentioned in the Commission’s Instruction No. BSEC/SRI/CCA/DSE/2021/212 issued on 22 March 2022 are reimposed.
Apart from this, the BSEC directed the Central Depository Bangladesh Limited to send a letter to the Bangladesh Financial Intelligence Unit (BFIU) to freeze all bank account withdrawals of the board of directors, managing director or CEO of the institution and block all bank accounts of the said individuals.
The regulatory agency also said that a request letter will be sent to the special branch of the police to ban the departure of the board of directors, managing director or CEO of the stock broker company in question.
Dhaka/NT/NH