Business Desk :
The Bangladesh Securities and Exchange Commission (BSEC) has decided to run a special audit on all the financial reports of People’s Leasing and Financial Services (PLFS) in the period of 2013 to 2021.
The decision came in a commission meeting held in its head office in the capital chaired by BSEC chairman Prof Shibli Rubayat Ul Islam.
The stock market regulator would take necessary steps to continue its production and find all possible options, it said in a press release.
Abiding by the order of Supreme Court, the BSEC already met with the company’s newly formed board of directors and talked about the way to continue its operation.
Earlier in 2019, the government directed the central bank to liquidate PLFS due to deterioration of its financial health in the previous years.
In last June, High Court ordered to revive People’s Leasing instead of winding it up as its 201 depositors collectively filed an application seeking restructuring of the company.
