Corporate DisclosureILFSL
ILFSL Corporate Disclosure — 27 December 2020
Announcement summary
- What happened
- ILFSL published a corporate disclosure on 27 December 2020. Read the full announcement for details.
- Company
- International Leasing & Financial Services Limited
- Announcement published
Original announcement
(Continuation news of ILFSL): advances to a software provider which has been unadjusted for more than a year. This is non-compliance with the respective circular. 07. Reference Note # 20, interest expense on deposits and borrowings etc. include deposit mobilization expense of BDT 140,164,146. Reportedly this significant amount was spent as commission or pocket expense to procure deposit for the company during the year 2019 without any approval from the Board. (cont.17)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040054c9b
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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