Chattogram Stock Exchange (CSE) board of directors has sought the regulator to leave the managing director Mamun-Ur-Rashid for a month for misuse of power.
The board has already assigned the bourse’s general manager Md Ghulam Faruque to play the role of the acting managing director.
A top official of the Bangladesh Securities and Exchange Commission confirmed that it received the CSE’s letter and analysed all the facts.
Earlier, the Anti-Corruption Commission (ACC) took legal actions against Rashid for his alleged involvement in irregularities in giving out loans to a firm when he was the managing director of Standard Bank.
ACC Assistant Director Muhammad Zoynal Abedin filed the case against Rashid and seven others for allegedly embezzling about Tk 4 crore from the bank.
Source: The Daily Star