Bangladesh, Nov. 8 -- LR Global Bangladesh, an asset management company, has filed a writ petition with the High Court (HC), seeking a direction for continuing its job as asset manager of two listed mutual funds (MFs).
LR Global filed the writ petition on Tuesday as a number of unit holders of the MFs made a proposal recently to change the asset manager of Green Delta Mutual Fund and DBH 1st Mutual Fund.
Advocate Mohammad Arshadur Rouf, the lawyer for the writ petitioner, said the LR Global made complaints to the Bangladesh Securities and Exchange Commission (BSEC) against some people, but no action has yet been taken in this regard.
"We have mentioned this in our writ petition and sought a direction from the HC so that the LR Global can...