Regent Textile Mills Limited, a company listed on the capital market, will have to deposit Tk 1 crore within a month due to irregularities of the IPO Fund. Otherwise, five directors, including the Managing Director (MD), will have to pay a fine of Tk 1 crore.
The decision was taken at the BSEC's 5th Commission meeting on Tuesday (July 22). BSEC Chairman Khandaker Rashed Maksud presided over the meeting. BSEC director and spokesman Abul Kalam said this in a statement on Wednesday.
BSEC spokesperson said that Regent Textile Mill Limited Breaks the IPO Taka 1 lakh (with earned interest) of the IPO Fund, which is unpaid, and the non -regulatory organization used to acquire or buy 5 percent of the share of Legacy Fashion Limited. In this context, it was decided to issue an order to return or submit the regent textile to the company within 5 days as the interests of the investors were undermining the interests of the investors. Failure to return or submit the money, it has been decided to finish Tk 20 crore to five directors of the company, including the managing director of the Regent Textile.
Among the fine people are said. Yakub Ali, Md. Yasin Ali, Tanvir Habib, Mosharraf Habib and Salman Habib (Managing Director).
