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The spillover impact of the declining capital market is taking a toll on the Investment Corporation of Bangladesh (ICB), a state-owned entity with a significant focus on capital market operations. As the market has been deteriorating for over a year, ICB's earnings have declined, hurting its ability to repay depositors' money despite being a trusted name and ....
In another financial felony in Bangladesh, UFS Asset Management has embezzled Tk 158 crore in investors’ funds, according to a probe of the stock market regulator. ....