VOL NO REGD NO DA 1589

Wednesday, April 28, 2004

Headline

News Watch

Trade & Finance

Editorial

World/Asia

Metro/Country

Corporate/Stock

Sports

 

FE Specials

FE Education

Young World

Growth of SMEs

Urban Property

Monthly Roundup

Business Review

FE IT

Saturday Feature

Asia/South Asia

 

Feature

44th National Day of the State of Kuwait

National Day of Brunei Darussalam

Birthday of Her Majesty Queen Elizabeth II

Asia Pharma Expo-2005

 

 

 

Archive

Site Search

 

HOME

METRO/COUNTRY
 
Deceived share holders
1/2/2005
 

          EVERY year on the occasion of Eid-ul Azha, enough negotiations are made between Finance Ministry and Tannery entrepreneurs in respect of securing Bank loans at a lower interest rate so as to finance the purchase of hides and skins.
Excelsior Shoes, Mark BD Shilpa, Legacy Foot, Samata letter etc. could manage millions of taka as share capital which is interest-free till eternity through sale of shares among the public. These public limited companies (PLC) did not pay any dividend to shareholders for years and today Excelsior shoes share is worth Taka six, I repeat taka six only, in share markets.
Some audit firms do perform audit jobs and certify in the form of audit terms like book value for share or shareholder's equity and so on. It is time to punish those audit firms while fraudulent PLC's need tackling by applying murder methods.
Sadiq Alee
Katghar, Petenga
Chittagong

 

 
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com