It has to return the fund in 30 days or face a Tk 60 crore fine, the regulator saysThe stock market regulator has decided to order LR Global Bangladesh Asset Management Company to take back the investment it made in purchasing stakes in online portal bdnews24.com, breaching securities rules. The Bangladesh Securities and Exchange Commission (BSEC) will also fine the top officials of the asset management company if it fails to return the money within the stipulated time. For the equity purchase, investments from six mutual funds—DBH First Mutual Fund, Green Delta Mutual Fund, AIBL 1st Islamic Mutual Fund, LR Global Bangladesh Mutual Fund One, NCCBL MF-1, and MBL First Mutual Fund—managed by the asset manager were used, violating securities rules. A fine of Tk 1 crore will also be imposed on LR Global as a company. The asset management company harmed investors' interests through the investment in the news portal, the press release stated.

Source: bd News24 July 16, 2025 14:48 UTC