The Insurance Development and Regulatory Authority (IDRA) yesterday appointed Brig Gen (retd) SM Ferdous as administrator of Sonali Life Insurance with immediate effect.
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.
The Insurance Development and Regulatory Authority (IDRA) has appointed an external auditor for Sonali Life Insurance, a listed insurance company in Bangladesh.