Dhaka, Dec. 23 -- Although the Investment Corporation of Bangladesh (ICB) is a state-owned entity responsible for protecting public investments, it has increasingly been linked to recurring irregularities in the capital market.
Recent reviews of financial statements have exposed serious violations by ICB's publicly funded Trustee Division, which is accused of failing to protect investors' interests and worsening the crisis in the mutual fund sector.
ICB-managed mutual funds, once considered profitable and relatively secure, are now facing growing losses.
This troubling development has sparked serious concerns over accountability within the organisation, particularly regarding how those responsible for repeated violations continue to rema...