Panel to probe suspicious disclosure of Bay Leasing

The inventory market regulator will examine whether or not Bay Leasing and Funding has used unfair means whereas making ready its monetary report as the corporate’s earnings swung considerably in 2021.

The non-bank monetary establishment confirmed earnings per share of Tk 2.75 within the first 9 months of 2021 whereas it incurred a lack of Tk 99 per share on the finish of 2021.

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The inventory buyers dissatisfied by the loss announcement expressed their frustration on the social media, which prompted Bangladesh Securities and Change Fee (BSEC) to kind the investigation committee.

The three-member committee is comprised of Kazi Md Al-Islam, deputy director of the BSEC, and Md Kawsar Ali and Md Atiqur Rahman, further administrators.

After the declaration of the loss, Bay Leasing’s share value dropped to its flooring value of Tk 23, which was Tk 37 a 12 months in the past.

The BSEC ordered the committee to analyse its quarterly and yearly monetary reviews together with the buying and selling sample of its administrators.

The panel has been requested to their report in 20 workdays.

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