Dhaka: Bangladesh Securities and Exchange Commission (BSEC) has fined cricketer Shakib Al Hasan Tk 50 lakh for his involvement in capital market manipulation.
The press release informed that this penalty was imposed on Tuesday (September 24) at the 923rd commission meeting of BSEC.
According to the notification, apart from Shakib, Abul Khair Hiroo has been fined Tk 25 lakh, Ishal Communication Limited Tk 75 lakh, Monarch Mart Tk 1 lakh, Abul Kalam Matbar Tk 10 lakh, Lava Electrode Industries Tk 1 lakh and Zaheed Kamal Tk 1 lakh.
According to BSEC, due to share manipulation of Paramount Insurance Company, all of them have been fined a total of 1 crore 63 lakh taka.