Business Report :
The Bangladesh bank has frozen the bank accounts of Bangladesh Securities and Exchange Commission’s former chairman Professor Shibli Rubayat Ul Islam, his son Juhair Sharar Islam, stock market investor Abul Khair Hiru, along with five others bank account freeze BFIU.
The freeze will stay for 30 days in accordance with the Money Laundering Prevention Act, confirmed a high official of the BFIU.
The others are Sayadur Rahman, Monija Chowdhury, Mohammad Delowar Hossain and Javed A Matin.
Banks have been asked to provide account details of all transactions of the accounts belonging to the eight within five days.
Since Shibli Rubayat-Ul Islam, took charge in May 2020, the stock exchange’s capabilities have deteriorated significantly.
How Shibli-commission clips DSE wings
Until his departure on 10 August, the DSE had virtually no power beyond imposing a meagre fine of Tk5,000 for non-compliance by listed firms.