Share price manipulation: Shakib Al Hasan fined Tk50 lakh

Bangladesh cricket superstar Shakib Al Hasan has been fined Tk50 lakh by the Bangladesh Securities and Replace Payment (BSEC) over “share ticket manipulation” of Paramount Insurance Company.

A total of Tk1.63 crore in fines change into handed out to seven investors, in conjunction with Shakib, on this matter, mentioned a BSEC press start.

The others embody Abul Khayer Hiru, who change into fined Tk25 lakh, Eshaal Conversation Small fined Tk75 lakh, Abul Kalam Matber Tk10 lakh, Monarch Mart Tk1 lakh, Lava Electrode Industries Tk1 lakh and Zahed Kamal Tk1 lakh.

The BSEC confirmed the matter in a assertion issued today (24 September).

This decision change into taken within the 923rd rate assembly of the BSEC held today.