Shakib Al Hasan, 6 others fined for share price manipulation

Bangladesh Securities and Exchange Commission (BSEC) has fined Shakib Al Hasan and six other individuals and companies for manipulating share price of Paramount Insurance Company Limited.

A total of Taka 1.63 crore in fines was handed out to four individuals, including Shakib, and three companies, a BSEC press release said on Tuesday, reports BSS.

Shakib Al Hasan was fined Taka 50 lakh while Md Abul Khayer Taka 25 lakh, Eshaal Communication Limited Taka 75 lakh, Abul Kalam Matber Taka 10 lakh, Monarch Mart Taka 1 lakh, Lava Electrode Industries Taka 1 lakh and Zahed Kamal Taka 1 lakh.

BSEC took the decision in the 923rd commission meeting held BSEC in the city.