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Sikder Insurance Company Limited has invested most of its assets in the capital market, parking funds in a single stock of scandal-ridden National Bank Ltd (NBL), in a corporate wrongdoing influenced by family ties. ....
Delta Life Insurance gets new administrator Sultan-ul-Abedin Mollah. Photo: Collected An administrator has been appointed to Delta Life Insurance to protect policy holders interest . Sultan-ul-Abedin Mollah, a former member of the Insurance Development and Regulatory Authority (IDRA), was appointed today. After taking charge, Mollah, in a press briefing, said he was appointed for the betterment of the leading life insurance company. I will work to protect policy holders interest as per IDRA order. The insurance regulator came up with the steps after the VAT Intelligence Department filed a case against Delta Life Insurance for evading VAT of about Tk 35.18 crore. ....