The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has sought information on the portfolio of 117 BO accounts involved in Beximco’s share manipulation allegations.
According to the relevant sources of BSEC, BSEC has asked for this information in view of the demand of Bangladesh Financial Intelligence Unit (BFIU).
According to sources, all of the 117 BO accounts sought by BFIU involve Beximco’s associates. The regulator fined some of the owners of these BO accounts for Beximco’s alleged involvement in share price manipulation.
It is known that after receiving the letter on November 14, on Tuesday (November 19) the Chittagong Stock Exchange has asked the brokerage houses to submit the KYC (Know Your Customer) form and statement of BO accounts within the next three days.
Earlier, the stock market regulatory body has ordered the seizure of these accounts as per the instructions of BFIU.
After the political change in the country on August 5, Beximco Vice Chairman Salman F. Rahman was arrested in two cases of attempted murder. Since then Beximco has been suffering from cash crunch. Unable to pay dues to employees.
In late August last BSEC seized Salman F Rahman’s BO account. BFIU directs all banks to freeze any accounts it owns.
