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No bar in running Sonali Life Insurance by administrator

The Supreme Court (SC) has halted a High Court (HC) order that stayed the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.

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HC stays IRDA decision to suspend Sonali Life Insurance board

The High Court has stayed for six months the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.

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Administrator appointed at Sonali Life Insurance

The Insurance Development and Regulatory Authority (IDRA) yesterday appointed Brig Gen (retd) SM Ferdous as administrator of Sonali Life Insurance with immediate effect.

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Administrator appointed for Sonali Life Insurance

Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson

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Audit At Sonali Life Insurance: Ex-chairman, family pocketed Tk 187cr

Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.

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Now Sonali Life chairman resigns amid investigation

The resignation comes four days after CEO's suspension

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Sonali Life Insurance board suspends CEO

Just 15 days past a regulatory audit being initiated against him, the chairperson of Sonali Life Insurance has informed that its board of directors had suspended its chief executive officer (CEO) yesterday over allegations of misappropriating funds.

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