A gathering is plotting against LR Global Bangladesh Asset Management to drive the firm bankrupt, its CEO Reaz Islam has asserted.
Its opponents were controlling the costs of DBH First Mutual Fund, he told a question and answer session at its workplaces in Dhaka's Gulshan on Tuesday.
He thought of the information of a year of exchanging to back his case.
Reaz additionally communicated doubt that a comparative example was picked for Green Delta Mutual Fund.
The firm has advised the Securities and Exchange Commission about the issue, he said.
He claimed ruptures of the Securities and Exchange Commission (Prohibition of Insider Trading) Regulations 1995 and Securities and Exchange Ordinance 1969 by the company's adversaries in controlling the costs of the shared assets.
The LR Global CEO blamed VIPB Asset Management Company Limited.
"We firmly trust VIPB coordinated and drove the culprits to corner the market of DBH First Mutual Fund and Green Delta Mutual Fund so as to expand as well as control market costs of the assets, and legitimately impact the Net Asset estimation of its Open-End Fund through control," Reaz said.
"We encourage all controllers to take every single fundamental activity inside their capacity against any people or substances to maintain the essential standards of a working capital market, reasonableness and above all, showcase strength, and particularly for the security of retail speculators," he included.
VIPB CEO Shahidul Islam said his organization would respond to the claims brought by LR Global against VIPB and some others at a question and answer session on Wednesday.
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