Ban on emigration of PFI and Dhanmondi Securities Board
September 11, 20241 Min Read
Jumbangla Desk: The Bangladesh Securities and Exchange Commission (BSEC) has ordered the seizure of the bank accounts and BO accounts of the directors and managing directors or CEOs of the two brokerage houses Dhanmondi Securities and PFI Securities in Punjibazar.

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Besides, travel abroad has also been banned. The 920th commission meeting was held on Wednesday (September 11) under the chairmanship of BSEC Chairman Khandkar Rashid Maqsood. After the meeting, BSEC director and spokesperson Farhana Farooqui signed this information.

According to the notification, the BSEC rejected the application of Dhanmondi Securities Limited and PFI Securities Limited for extension of time to clear the deficit in consolidated customers' accounts. At the same time all the conditions mentioned in the Commission's Instruction No. BSEC/SRI/CCA/DSE/2021/212 issued on March 22, 2022 are reimposed.

Also, BSEC has directed Central Depository Bangladesh Limited to send a letter to the Bangladesh Financial Intelligence Unit (BFIU) to suspend all bank accounts of the directors, managing directors or CEOs of the two companies and to block all bank accounts of those individuals.

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The regulatory body also said that a request letter will be sent to the special branch of the police to ban the departure of the directors of the board of directors, managing director/CEO of the stock broker company in question.