Bangladesh Bank on Wednesday directed all banks to freeze all accounts of Crest Securities, its Managing Director Md Shahid Ullah and all its directors.
Bangladesh Financial Intelligence Unit (BFIU), on behalf of Bangladesh Bank, issued a letter to the commercial banks in the country in this regard.
On Monday, Detective Branch (DB) of police arrested Crest Securities’ MD Shahid, his wife Nipa Sultana and two others, over embezzling shares and money of stock investors through his brokerage houses.
DB police (Ramna zone) arrested them in Laxmipur-Noakhali border on Monday morning.
The Crest Securities Limited, a corporate member and stock brokerage house of Dhaka Stock Exchange (DSE), on June 23, closed its head office and all other branches without any prior notice.