Stocks
Bourses are under grip of extortions
The country’s Bourses are under the grip of extortion by the controversial Canadian-based Citizen TV, which spreads propaganda against important people of the government and important organizations of the state.
This cycle based on Facebook-YouTube has been demanding large sums of money from various institutional investment institutions and big investors in the bourses.
The blamed members have been found to have extorted money from different people in the past. Just recently extorted 5 crore takas from a big industrial group. After the matter went viral on Facebook, they were demanding this extortion as compensation. The question has arisen – through which means this money is taken abroad by extortion from the nation. Controversial Citizen TV has been blamed for laundering huge amounts of money from the country through money laundering.
There is proof against this cycle of spreading controversial and scam data on Facebook and YouTube about important people of the nation. The country’s prime minister, former and current army chief, former police chief (IGP) are not left out of these rumors.
This time the circle is trying to destabilize the bourses of the country without getting subscription. The extortionist gang has recently published a caricature of Prof. Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), the regulatory body of the stock market, without receiving the demanded subscription. A satirical picture was posted on the Facebook page named Nagrik TV on Thursday, October 20, around 8 pm. It is known that just recently, this fake Facebook page called Nagarik TV is spreading rumors with the connivance of a member engaged in destabilizing the stock market. Demands have been raised in various circles to find the local agents of this gang and bring them under the law.
Titu Rahman and Nazmus Saqib are the directors of these Facebook-YouTube pages and channels spreading rumors. Recently, various government agencies have identified 15 Bangladeshi cyber terrorists located in various countries of the world, who are indulging in terrible propaganda against Bangladesh while just sitting abroad. They are lying in various ways about the state, various individuals and institutions of the government. Nazmus Shakib’s involvement was also found in this investigation.
When asked about the misinformation, BSEC chairman Professor Shibli-Rubayat-Ul Islam, who is currently in Morocco, told Orthosongbad that a team has been spreading false and baseless data about the bourses of the country which results, I have received complaints from big investors demanding subscriptions with different identities.
It is known that the gang posts sarcastic pictures on its Facebook page before spreading slander or rumors against an individual or institution. After the picture was posted, the people associated with the concerned persons and institutions demanded the subscription by phone. And if the subscription is not paid, they threaten to continue disinformation. From time to time, the Facebook-YouTube-based gang has been demanding huge sums of money from the big investors of the stock market. Following this, cooperative officer Abul Khair called Hiro and demanded a contribution of five crore taka. The subscription was demanded by a call from a foreign number last Friday evening. Threats to continuously upload various negative content if the subscription is not paid.
When asked, Abul Khair Hiru told Orthosongbad that the call came from an unknown foreign number at 7 pm. Threatened to spread false propaganda against me if I don’t pay Tk 5 crore. I asked for the name and identity of the caller several times, but he did not give me the identity. Just said call from Citizen TV. Later, I found out that this is not Bangladesh Citizen TV, but the controversial Facebook-YouTube-based Nagorik TV spreading fake information and rumors which has previously been conspiring against the state by spreading propaganda against important individuals and institutions abroad.
Attempts were made to contact the Facebook-YouTube-based Nagorik TV but they could not be found.
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
The Bangladesh Securities and Exchange Commission (BSEC) has removed three audit firms from its panel for their failure to secure enlistment with the Financial Reporting Council (FRC), according to a notice issued today.
The firms—A Hoque & Company, FAMES & R, and SK Barua & Company Chartered Accountants—were delisted following the FRC’s request. In December last year, the FRC published a list of enlisted audit firms and subsequently, in February, requested the BSEC to remove any firms that were not included on that list.
BSEC regulations mandate that financial statements signed by auditors outside its approved panel will not be accepted. With the removal of these three firms, the total number of audit firms on the BSEC panel has been reduced from 48 to 45.
Sources from the FRC revealed that 15-20 audit firms failed to secure enlistment last year, and approximately 45 chartered accountants are currently under restrictions imposed by the Institute of Chartered Accountants.
Although the delisted firms can no longer audit issuer companies or listed securities, they are allowed to complete audit and assurance services that were initiated before their removal, the BSEC clarified.
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