The Bangladesh Securities and Exchange Commission (BSEC) is set to investigate all the activities of Strategic Equity Management Ltd (SEML) since its inception in 2007, and to check for any anomalies

Chowdhury Nafeez Sarafat, chairman of RACE Asset Management, has manipulated the stock prices of many companies for financial gain and caused losses of crores of taka to general shareholders, found a primary investigation of the Criminal Investigation Department (CID).

Farmers Bank Ltd selects Chowdhury Nafeez Sarafat as its new chairman after its former chairman Muhiuddin Khan Alamgir resign from the board for his alleged involvement in financial scams.