Shakib fined 50L for share market manipulation

Bangladesh cricketer Shakib Al Hasan has been fined Tk50 lakh by the Bangladesh Securities and Exchange Commission for manipulating shares of Paramount Insurance Company. The decision was made at BSEC’s 993rd commission meeting. Six other individuals and companies were also fined, with total penalties amounting to Tk1.63 crore. The BSEC press release did not provide details on when or how the manipulation took place. This action demonstrates regulatory efforts to maintain integrity in Bangladesh’s stock market.READ FULL