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The Bangladesh Securities and Exchange Commission (BSEC) has decided to file a case against some top officials of an asset management company for laundering Tk 170.69 crore from four open-ended mutual funds.
Recent media reports regarding the solvency of certain Islamic banks in Bangladesh highlight existing hurdles. For a wider investment universe to emerge, there needs to be a tide that floats the entire Islamic finance system in Bangladesh. Foremost is the credibility of Islamic banks, which is imperative to the prosperity of Shariah mutual funds
The government raised the retail price of gas dhakacourier.com.bd - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dhakacourier.com.bd Daily Mail and Mail on Sunday newspapers.
The securities regulator has banned audit firm Ahmed Zaker and Co from the stock market for collaborating with an asset management company to embezzle investors' funds. In an order issued on Wednesday, the regulator said the firm would not be allowed to audit the financial statements of any mutual funds or listed companies. The Bangladesh Securities and Exchange Commission
Ahmed Zaker & Co Chartered Accountants has been banned from auditing all listed companies and mutual funds as the accountancy firm did not attend any enquiry hearing of four mutual funds of UFS Asset Management.
Ahmed Zaker & Co Chartered Accountants has been banned from auditing all listed companies and mutual funds as the accountancy firm did not attend any enquiry hearing of four mutual funds of UFS Asset Management.
Bangladesh Financial Intelligence Unit yesterday asked banks to freeze the accounts of 15 individuals and organisations linked to Universal Financial Solutions Asset Management for 30 days.
In another financial felony in Bangladesh, UFS Asset Management has embezzled Tk 158 crore in investors’ funds, according to a probe of the stock market regulator.
Bangladesh Financial Intelligence Unit (BFIU) today asked banks to freeze the accounts of 15 individuals and organisations connected with UFS Asset Management, including that of Universal Financial Solutions (UFS) Managing Director Syed Hamza Alamgir.