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 Forgery at CSE: membership of a company suspended

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sujana

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Posts : 105
Join date : 2010-05-27

PostSubject: Forgery at CSE: membership of a company suspended   Thu Jul 01, 2010 12:19 am

Our Correspondent

CHITTAGONG, June 30: The CSE has suspended membership of a brokerage house owned by a foreigner for alleged bid to grab the ownership of the same through forgery.

The decision of snapping the membership was taken yesterday at the board meeting of the Chittagong Stock Exchange.

Concerned CSE sources said that two former employees of BK Capital Management, owned by Billi Kim, a Korean national, changed the ownership of the company through forged signature and seal of the owner.

The disclosure has created sensation in the country's capital market as a letter from Billi Kim in Korea reached the CSE, wherein he said that two former employees of the company illegally transferred the ownership in their favour through false signature and seal.
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