The Bangladesh Securities and Alternate Commission (BSEC) this day (5 December) fined controversial stock market investor Abul Khayer alias Hiru and his relatives more than Tk134 crore for manipulating shares of Fortune Shoes, Delta Lifestyles Insurance protection, NRB Commercial Bank, and Sonali Paper and Board Mills.
His relatives consist of his father, companion and loads of relatives. DIT Cooperative Ltd – which is owned by his household – modified into additionally fined.
According to an announcement issued by BSEC, they had been fined the perfect Tk77.21 crore for manipulating shares of Fortune Shoes; Tk50.84 crore for manipulating Delta Lifestyles Insurance protection Company shares; Tk6.84 crore for manipulating NRB Commercial Bank shares; and Tk75 lakh for manipulating Sonali Paper and Board Mills shares.
Previously, Abul Khayer and his household and co-workers had been fined loads of times for piece manipulation.