The central bank has frozen the bank accounts of eight individuals including the Bangladesh Securities and Exchange Commission's (BSEC) former chairman Professor Shibli Rubayat Ul Islam, his son Juhair Sharar Islam, stock market investor Abul Khair Hiru.
The Bangladesh Financial Intelligence Unit (BFIU) directed the banks to freeze the accounts of them on Tuesday (August 20).
The others, whose bank accounts have been frozen, are former president of Bangladesh Merchant Bankers Association (BMBA) Md Sayedur Rahman, share market manipulator Md Abul Khair, capital market's influential investor Javed A Matin, resource management company CWT's Monija Chowdhury, Md Delwar Hossain and
Shariful Islam.
The freeze will remain in force for 30 days in accordance with the Money Laundering Prevention Act, said a high official of the BFIU.
Banks have also been asked to provide account details of all transactions of the accounts belonging to the eight within five days.
Since Shibli Rubayat Ul Islam, took charge in May 2020, the stock exchange's capabilities have deteriorated significantly.
