Corporate DisclosurePROGRESLIF
PROGRESLIF Corporate Disclosure — 2 September 2019
Announcement summary
- What happened
- PROGRESLIF published a corporate disclosure on 2 September 2019. Read the full announcement for details.
- Company
- Progressive Life Insurance Co. Ltd.
- Announcement published
Original announcement
(Continuation news of PROGRESLIF): Further, accrued interest of loan from Galaxy Capital Limited up to 2012 has not yet been recovered and balance has been carried forward till the date of this audit; vi) Our control test and review reveals that internal control and compliance are far from being satisfactory. In addition, the company's internal audit functions appear to be ineffective. As a result, company is exposed to high operational risks. (cont. 7)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aceb25a6b00004005916e
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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