97% of Investors Affected by Five Brokerage Firms to Receive Compensation
DHAKA: Nearly 97% of investors affected by alleged fund embezzlement at five Bangladeshi brokerage firms will receive compensation, with the Dhaka Stock Exchange (DSE) set to distribute about Tk 720 million among 17,332 investors. The compensation payments will begin on Sept. 28 and are expected to be completed within two months, officials said Tuesday. The announcement was made at a press conference organised by the DSE at its headquarters in Nikunja, Dhaka. DSE Chairman Mominul Islam, Managing Director Nuzhat Anwar and Investor Protection Fund (ITF) Chairman Nasrin Begum attended the briefing. Compensation capped at Tk 500,000 per investor Under the DSE Investor Protection Fund Rules, eligible investors can receive compensation of up to Tk 500,000 each, Nasrin Begum said. She said the claims had been assessed through a verification process before the list of eligible investors was finalised. The initiative is intended not only to return funds to affected investors but also to...