Dhaka Stock Exchange (DSE) has requested the clients of three stock brokers to submit complaints regarding embezzlement of their money or shares or both within May 15, 2022.
The premier bourse DSE made the urge through a disclosure posted on its website on Thursday.
The brokerage firms which embezzled their clients' money or shares or both are Tamha Securities, Crest Securities and Banco Securities.
"… in case of embezzlement of money or shares or both, respective clients are requested to submit complaints within May 15, 2022," the DSE said.
It said after the stipulated time, no claim will be entertained and clients who have already submitted the claim earlier, need not apply again.
Apart from shares, Crest Securities misappropriated their clients' fund worth Tk 280 million, Banco Securities Tk 280 million and Tamha Securities around Tk 720 million, according to the DSE information.
Earlier, the DSE halted trade at the firms along with suspending their DP (depository participant) licenses over the alleged misappropriation of clients' funds and shares.
Talking to the FE, a DSE official said they have requested the clients to submit complaints regarding embezzlement of money and shares to start an all-out effort to settle the claims.
"The securities regulator and the DSE are yet to settle all complaints regarding embezzlement of investors' money and shares. Now, the DSE is set to go for tough actions such as filing criminal cases against the firms on receipt of the clients' complaints regarding embezzlement of money and shares," the DSE said.
He said the DSE also will go forward to settle the clients' claims selling the shares and assets of the brokerage firms, their owners and associates.
The DSE said in case of claim for share transmission through link BO accounts, the clients are requested to submit DPA6 report (collected from CDBL) and original copy of Form 16-1 & 16-2 of CDBL after duly fill up along with signature.
In last month, the central bank froze the bank accounts of Tamha Securites, its managing director Md Harunur Rashid, directors and their associates over alleged embezzlement of their clients' funds.
Crest Securities Managing Director Md Shahid Ullah and his wife Nipa Sultana went into hiding in June, 2020 after misappropriating their clients' funds.
Later, law enforcers arrested them from an area between Lakshmipur and Noakhali and two separate cases were filed at Paltan Police Station against the firm by two of its clients.
In June, 2021 the premier bourse DSE suspended trading at Banco Securities, and filed a case against its owners over alleged embezzlement of clients' fund and shares.
