The operation of bank accounts of 15 individuals including Universal Financial Solutions (UFS) Managing Director (MD) Syed Hamza Alamgir have been suspended for allegedly fleeing after embezzling Tk 158 crore, said BFIU on Tuesday.
Bangladesh Financial Intelligence Unit (BFIU) has sent a letter to all the financial institutions of the country in this regard. BFIU is the central agency of Bangladesh responsible to halt money laundering and terrorist financing.
An official of the BFIU told UNB on Tuesday that a letter was sent to banks and financial institutions, in order to suspend all accounts of 15 individuals and institutions, including Universal Financial Solutions. The name, address and TIN number (Tax Identification Number) of the organisation are given in the letter.
BFIU suspends cash out from 230 MFS accounts over transactions through hundi
Before this, news published in different print media that an asset management company named UFS embezzled Tk 158.37 crore of four mutual funds in the stock market.
The company’s MD Syed Hamza Alamgir left for Dubai on October 13 with this money. He is currently in Singapore, according to media reports.
Source: United News of Bangladesh