The wheels of the two companies have begun turning again after remaining closed for many years while another firm is moving towards resuming operation – thanks to the restructuring of boards by the Bangladesh Securities and Exchange Commission (BSEC).
Dhaka, Nov 1 (EFE).- Credit rating agency Moody’s warned Monday that the Islamic banks in Bangladesh, which make up almost 20 percent of the sector in the Asian country, have higher asset risks and with lower loss buffers than conventional banks. “Islamic banks also have weaker capitalization than conventional banks because of higher financing growth …
The embargo on Pritish s travelling abroad could be extended, said a central bank official, seeking anonymity.
Prashanta Kumar Halder alias PK Halder and his associates swindled Tk 1,300 crore from FAS Finance in the name of several companies that exist on paper only, according to a recent investigation carried by the Anti-Corruption Commission.
The Bangladesh Securities and Exchange Commission (BSEC) reconstituted FAS Finance board on May 31.
The regulatory decision to resolve the NBFI s board was taken due to its failure to comply with the rules that says at least 30 percent shares must be held by sponsor-directors.
The BSEC nominated five independent directors for FAS Finance.