Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange (DSE) has suspended its General Manager (GM) (HR and Admin) Khandaker Asad Ullah for his investment with the share trading by violating service rules, officials said.
The decision was taken at a DSE board meeting following an order issued by the Bangladesh Securities and Exchange Commission (BSEC).
The securities regulator ordered the DSE on August 12 last to suspend its GM Mr. Asad immediately as his alleged involvement in share business has been proved by the BSEC investigation committee.
The BSEC also said, by suspending the DSE GM immediately, the premier bourse will have to inform the regulator about the post administrative actions.
As per the DSE board meeting decision, the temporary suspension of the Mr. Asad came into effect from Thursday.
The DSE has also formed a two-member probe body to carry out further investigation on the complaints of the carrying out share business by its GM Mr Asad.
BBN/SSR/AD-15Aug14-1:11 pm (BST)