HC summons PLFS’ ex-chair for transferring IPO shares to personal account Star Online Report Star Online Report
The High Court today summoned former board chairman of People s Leasing and Financial Services Limited (PLFS), a non-bank financial institution, Captain M Moazzam Hossain, and two of his family members directing them to appear before it for explaining their role over transferring PLFS initial public offering (IPO) shares to their personal accounts.
The other two people who have been ordered to appear before the HC are Farzana Moazzam and Eashan-E-Moazzam.
The court also summoned the chiefs of both organisations, E Securities Limited and Great Walls Land Properties Limited before it on the same day for their explanation on this issue.