News update
  • $10mn Approved for Climate Resilience in CHT: ICIMOD     |     
  • At least 143 dead in DR Congo river boat fire tragedy     |     
  • Dhaka has worst air pollution in the world Saturday morning     |     
  • Container ships to ply between Mongla and Chattogram ports     |     
  • France to Break Away from UK & US in Recognising Palestine as Nation State     |     
  1. Home
  2. Nation
  3. Shakib Al Hasan Fined Tk 50 Lakh for Stock Manipulation

Shakib Al Hasan Fined Tk 50 Lakh for Stock Manipulation

Staff Correspondent; Nation 2024-09-24, 3:42pm

9k9-40b2b5fbf0721a74729d67a806c6ebac1727171056.jpg




The Bangladesh Securities and Exchange Commission (BSEC) has imposed a Tk 50 lakh fine on renowned cricketer Shakib Al Hasan for manipulating the stock prices of Paramount Insurance. The decision was announced in a press release today.


Shakib's business partner, Abul Khayer Hiru, has also faced repercussions, receiving a Tk 25 lakh fine.

In addition to Shakib and Hiru, several entities linked to the case have been penalized, including Eshaal Communication, Shakib’s company Monarch Mart, Abul Kalam Matber, Lava Electrodes Industries, and Zahed Kamal, all accused of involvement in the alleged manipulation.