Tuesday, September 16, 2025
News update
- Guterres Urges Leaders to Act as UNGA Week Begins |
- BNP to go door to door for hearts and votes |
- Chittagong port tariffs increased up to 50 per cent |
- Rising Heat Cost Bangladesh $1.8 Billion in 2024 |
- Stocks extend gains; turnover drops in Dhaka, rises in Ctg |
Shakib Al Hasan Fined Tk 50 Lakh for Stock Manipulation
Staff Correspondent;
Nation
2024-09-24, 3:42pm
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.