SAM

Published:
2019-10-14 17:40:17 BdST

People's Leasing depositors demand money back by Dec


FT ONLINE

Depositors with People's Leasing and Financial Services (PLFS) have said they want their money back by December.

They were speaking to reporters after a meeting with the governor of Bangladesh Bank on Monday.

A depositor, Samia Binte Mahbub, said: "We invested in an institution licensed by Bangladesh Bank. We paid tax against our deposits. Bangladesh bank is responsible for taking care of our money."

Due to the big losses, the listed PLSF, a non-bank financial institution (NBFI) failed to announce any dividend since 2014.

On July 10, in a press briefing, Bangladesh Bank (BB) assured that the depositors would get back their money as assets of the company was still bigger than its liabilities.

Stock investors have suffered losses due to panic triggered by the news of liquidation and trading suspension of PLFS from July 14 this year.

Since the announcement of the liquidation of financial institutions, share prices of financial institutions have taken a nosedive, some selling below their face value.

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