BSEC Moves against ACME, Genex, and Audit Firms over Irregularities

The Bangladesh Securities and Exchange Commission (BSEC), in its 973rd commission meeting chaired by BSEC Chairman Khondoker Rashed Maqsood, has taken a series of stern actions against listed companies, their directors, auditors, and issue managers over financial irregularities and violations of securities laws.Based on an investigation report, the Commission decided to forward the case of ACME Pesticides Limited to the Anti-Corruption Commission (ACC) for necessary action against four board members—Chairman Ms. Shanta Sinha, Managing Director Mr. Reza-ur-Rahman Sinha, Director Mr. Ahsan Habib Sinha, and Director Mr. K M Heluar—as well as Company Secretary Mr. Sabuj Kumar Ghose, Chief Financial Officer Mr. Selim Reza, and several placement holders including SK Trims & Industries Ltd, Bikrampur Potato Flakes Industries Ltd, Bengal Assets Holdings Ltd, Chittagong Pesticides & Fisheries Ltd, Heritage Capital Management Ltd, NRB Equity Management Ltd, and others, for failing to pay against allotted shares.The Commission also decided to initiate the ...

• 17 Sep 2025