The Ministry of Finance has ordered the formation of two investigative committees to probe allegations of insider trading against Abdullah Al Mahmud, the director of the Dhaka Stock Exchange. The Financial Institutions Department of the ministry has also ordered the DSE to suspend Al Mahmud from his duties as director until the investigation is over. Despite not receiving the letter from the finance ministry, the DSE has already begun investigating the manipulation of the share market. Three months after becoming the director of the DSE, the Daily Jugantor newspaper published a report alleging Mahmud had engaged in market manipulation. Following the Daily Jugantor’s report, the finance ministry gave directives to investigate whether Mahmud has breached the rules and guidelines of the DSE and BSEC.

Source: bd News24 June 26, 2024 10:44 UTC