The Bangladesh Securities and Exchange Commission (BSEC) has requested a travel ban on Moshihor Securities CEO Ziaul Hossain Chisty, Managing Director Moshihor Rahman, and Director Sheikh Mogol Jan Rahman due to allegations of misappropriating investors’ funds. A letter sent to the Dhaka Metropolitan Police on 29 August revealed a Tk68.58 crore deficit in the firm’s consolidated customers account (CCA) as of 19 August. This account, meant to hold unused brokerage client funds, was reportedly misused. The BSEC also formed a five-member inquiry committee to investigate the matter, with a report due within 45 days.
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