Zeyad Rahman has issued a statement in protest of the news published about the loss of Tk 36 crore of Delta Life
Self-reporter: Zeyad Rahman has protested against the news item titled 'Suspended board of directors of Delta Life has caused a loss of Tk 36 crore, IDRA's letter to the ministry' . He sent a three-page statement in connection with the protest. Zeyad Rahman, the director of Delta Life, sent the statement in an e-mail on Thursday (November 2) evening.
For the readers of Insurance News BD, the statement was published by correcting the spelling.
Statement in protest of the news published under the headline "Delta Life has lost Rs 37 crore, suspended board, IDRA letter to the ministry"
Honorable Shareholders, Policyholders, Officers-Employees to the Board of Directors and Managing Authority of Delta Life Insurance Company Limited Strong condemnation and strong protest and our position on the issue below.
It is very sad and unfortunate for the insurance industry that the country's renowned, reputed and established online magazine "Insurance News BD" has published a one-sided report on the insurance industry's top life insurance company and five consecutive AAA rated Delta Life Insurance Company Limited.
Insurance Development and Regulatory Authority (IDRA) Chairman. M. Musharraf Hossain, FCA, failed to withdraw his bribery allegations from the Anti-Corruption Commission (ACC) and sued Delta Life Insurance Company out of personal resentment and illegally appointed an administrator.
Chairman of the Insurance Development and Regulatory Authority. M. Mosharraf Hossain appointed the administrator on February 11, 2021 and asked him to submit the audit report within four months. Get up. Of the three administrators he has appointed in the last eight months, two have been forced to leave Delta Life due to various corruption and misdeeds, and two cases of embezzlement and irregularities against them are pending in the court.
It is to be noted that despite the fact that the three administrators have completed the audit of the appointment letter and submitted the report to the authority (IDRA), Dr. Musharraf is seeking to sue Delta Life's board of directors and management over allegations of bribery and corruption in various newspapers. After inspecting two firms (Howladar Yunus and Fames & R.) under his supervision from 2016 to 2021, when he was not getting his fictitious report, he approached the partner of his controlled firm (Aziz Halim Khair Chowdhury - AHKC) Dr. Jamshed Sanayet Chowdhury and the Internal Audit Department have tried to make a fictitious report. Note that, to testify in a false case filed by the administrator as an inspector. Jamshed has been charged in the Financial Reporting Council (FRC) and the Institute of Chartered Accountants of Bangladesh (ICAB). The report states that the so-called provisional interim report given by the audit firm Messrs. Eknabin, which revealed money laundering, corruption, revenue evasion and mismanagement, is a complete miracle, a fabrication and a misrepresentation of the company.
The issue is clear to all and the question is why the Chairman (IDRA) illegally appointed administrator for 4 months, even after 11 months, is still carrying out such propaganda citing internal audit and interim audit report, which is a threat to the insurance industry and the country's economy. Swarup.
Note that Dr. Musharraf Hossain, Chairman, Member and Chairman of Insurance Development and Regulatory Authority (IDRA) has already been ruled by the Hon'ble High Court and the Anti-Corruption Commission (ACC) and Bangladesh Financial Intelligence Unit (BFIU) to submit the investigation report within 30 days. Has been said. I urge the government to take appropriate action against him for investigating and investigating the allegations of his illegal acquisition, corruption and abuse of power.
Reporter's statement: The report contains information obtained from a letter from the Insurance Development and Regulatory Authority (IDRA). The reporter has no statement of his own in the report. Insurance News BD is not responsible for the information provided in the 64-page report attached to the letter sent to the Ministry.
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