DSE Uncovers Tk 30.6 Million Deficit at AVIVA

Industry: Asset management, Financial, Stock Market
Company: AVIVA Equity Management, Dhaka Stock Exchange (DSE)
Company Intelligence Tag: Business Insights

The Dhaka Stock Exchange (DSE) has identified a deficit of Tk 30.6 million in the consolidated customers’ account (CCA) of AVIVA Equity Management following an inspection. The company reportedly owes Tk 72.2 million to its clients, but the DSE’s inspection found only Tk 41.6 million in the company’s documents, indicating a shortfall of Tk 30.6 million.

The DSE has requested documents related to loans and transactions by the company to address the missing funds but has not received cooperation from AVIVA Equity Management.

Earlier, between 2019 and 2021, more than Tk 2 billion in investor funds were stolen by four brokerage firms. Trading in these brokerage houses is still suspended. According to DSE, Tamha Securities defrauded customers of around Tk 513 million; Banco Securities stole Tk 1.07 billion; Crest Securities stole Tk 386 million; and Shah Mohammad Sagir stole Tk 132 million from CCA.

These cases highlight broader concerns about investor protection and regulatory oversight on the Dhaka Stock Exchange. The DSE is seeking cooperation from AVIVA Equity Management to address the missing funds and urging the company to provide pertinent supporting documents.

 

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