Banco Securities on Thursday deposited Tk 100 million into the account of Dhaka bourse to settle claims of the brokerage firm's clients.
Chief Operating Officer (COO) of Dhaka Stock Exchange (DSE) M. Shaifur Rahman Mazumdar has confirmed this while talking to the FE.
The premier bourse has also asked the Banco Securities to submit a detailed plan on as to how it will settle all claims so far lodged by the clients.
The securities regulator and Dhaka bourse continued an effort to help settle the claims of the clients of three broker firms including Banco Securities.
On June 15, 2021 the DSE suspended trading at Banco Securities and sued its owners for embezzling its clients' funds.
Apart from filing case, bank accounts of the brokerage firm, its chairman and directors were frozen.
The DSE's COO Mr. Mazumdar said more fund will be required to settle the claims lodged by the clients of Banco Securities.
"The DSE received Tk 100 million on Thursday. The company will submit a detailed plan within a week on settlement of the claims," said the DSE's COO.
Recently, the DSE has requested the clients of three stock brokers to submit complaints regarding embezzlement of their money or shares or both within May 15, 2022.
The two other brokerage firms which embezzled their clients' money and shares are Crest Securities and Tamha Securities.
