Bangladesh Securities and Exchange Commission (BSEC) ordered managing director of NRB Bank to take department action against its chief financial officer, Kamrul Hasan, and all officials of its investment banking unit for their involvement in illegal share business.
The BSEC gave the order through a letter following recommendation of its investigation committee that was formed to see the illegal actions in the stock market.
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The lender has to take action against the officials and inform the commission within February 28, according to the BSEC letter.
Earlier, Bangladesh Bank unearthed that NRB Bank incurred a loss of Tk 103 crore as it intentionally became involved in unethical trading practices in the stock market in favour of the gamblers.