9 Beximco investors fined record Tk428.52cr over share price manipulation
This is the first time a company's investors have been fined such a high amount in the capital market's history
The Bangladesh Securities and Exchange Commission (BSEC) has fined nine investors of Beximco Ltd a record Tk428.52 crore for manipulating the company's share prices.
This is the first time a company's investors have been fined such a high amount in the capital market's history.
The commission fined the investors in its 924th meeting today (1 October), it said in a press statement.
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Of the investors, Mosfequr Rahman has been fined the highest Tk125 crore, Crescent Ltd has been fined Tk73 crore, Momatazur Rahman has been fined Tk58 crore, and Abdur Rouf has been fined Tk31 crore.
More to follow...
