BSEC decides to unfreeze 93 BO accounts linked to Hiru, Sayadur
Bangladesh, Nov. 12 -- The securities regulator has decided to unfreeze a total of 93 BO (beneficiary owner's) accounts tied to two big investors, which were frozen over accusations of misconduct and non-compliance with the securities rules.
Sources said those accounts are held by Abul Khayer, alias Hiru, and his family members, including wife Kazi Sadia Hasan and father Abul Kalam Matbar, and by the former president of Bangladesh Merchant Bankers Association (BMBA), Md Sayadur Rahman, and his family members.Buy Maps
The securities regulator previously froze more than 600 accounts, including the 93 accounts, over violations of the securities rules during transactions. Huge penalties have also been imposed on the account holders.
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