The Bangladesh Securities and Replace Price (BSEC) has fined a team of eight merchants Tk70.57 crore for manipulating the shares of Bangladesh Finance.
The resolution became made at some stage in a gathering held on the charge’s role of enterprise on Tuesday (10 December), it acknowledged in a press commentary.
It states that amongst the folks, Sameer Sekander has been fined Tk32.25 crore, Maher Sekander Tk0.52 crore, Abu Sadat Md Sayem Tk21.90 crore, Abdul Mobin Mollah Tk0.10 crore, Afra Chowdhury Tk0.35 crore, Anika Farheen Tk7.50 crore
Apart from, City Ordinary Insurance protection Company has been fined Tk0.85 crore and Anwar Galvanizing Ltd Tk7.10 crore.
The penalties remember been imposed for violations that took place between 1 April 2021 and 30 September 2021.
“This pass shows BSEC’s solid stance in opposition to market manipulation and its dedication to striking forward transparency and fairness in the capital market,” acknowledged the press commentary.
On Tuesday, the share label of Bangladesh Finance closed at Tk12.50 on the Dhaka stock alternate.
1 April 2021, the share label of the firm became Tk30, which increased step by step and reached at Tk70 the end of September 2021.
