The Bangladesh Financial Intelligence Unit on Tuesday froze bank accounts of stock market-linked eight persons, including former Bangladesh Securities and Exchange Commission chairman Shibli Rubayat Ul Islam and his son Juhair Sharar Islam.
The six others are former Bangladesh Merchant Bankers Association president Md Sayedur Rahman, stock market investors Md Abul Khayer Hiru and Javed A Matin, who were allegedly involved in market manipulations, CWT Asset Management Company managing director Moniza Chowdhury, Md Delwar Hossain and Shariful Islam.
The BFIU in the letter directed that any past or present accounts held by these individuals or their affiliated entities must be frozen and detailed information about these accounts be submitted to the BFIU within five working days.
Additionally, no transactions will be permitted for the next 30 days.
However, the suspension period may be extended, if necessary, for further investigation.
Shibli resigned as the BSEC on August 10, citing health reasons.
The resignation came after Sheikh Hasina resigned as prime minister on August 5 amid a student uprising.
Banks and financial institutions have been asked to provide documents such as account opening forms, KYC details and transaction history within five working days from the date of the letter.
