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Ex-directors swindle Tk 300cr out of Prime Islami Life Ins

Published: August 25, 2022

A number of directors of Prime Islami Life Insurance siphoned off more than Tk 300 crore funds by keeping the fixed deposits of the insurer as collateral to secure bank loans for another company, putting policyholders' interests at risk, according to an audit. 

Source: thedailystar.net

Related Topics:

Kazi Fariduddin AhmedApel MahmudAbul Hasnat Mohammed ShamimExchange CommissionInsurance DevelopmentDhaka Stock ExchangeRegulatory AuthoritySterling GroupSecurities LtdPrime Islami Life InsuranceBangladesh SecuritiesIslami Life InsurancePrime Islami SecuritiesHasnat Mohammed ShamimFariduddin AhmedLife InsuranceBank LoansAngladesh Securities And Exchange CommissionTfi Securities