BSEC to write to ACC seeking action against directors of 3 prime finance firms
The Bangladesh Securities and Exchange Commission (BSEC) has found evidence of Tk296 crore in money laundering involving Prime Finance & Investment Limited and its two subsidiaries – PFI Securities Ltd and Prime Finance Capital Management Ltd.
The funds were allegedly laundered through the misuse of margin loans.
Based on the findings of its inspection report, the BSEC has decided to forward the report to the Anti-Corruption Commission (ACC), requesting legal action against those involved.
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The commission will also recommend imposing travel bans on the former directors and managing directors of the three companies who were responsible for the irregularities.
This decision was confirmed in a press release issued on Monday (14 July), signed by BSEC Director and spokesperson Abul Kalam.
