BSEC fines 17 Beximco investors over share price manipulation


The Bangladesh Securities and Exchange Commission (BSEC) has fined 17 investors of Beximco Ltd a record Tk428.52 crore for manipulating the company’s share prices.

The commission today fined the investors in its 924th meeting, said a press release.

This is the first time a company’s investors have been fined such a high amount in the capital market’s history.

Of the investors, Mosfequr Rahman has been fined the highest Tk 100 crore, Crescent Ltd has been fined Tk 70 crore, Momatazur Rahman has been fined Tk40 crore, and Abdur Rouf has been fined Tk30 crore.

Source: Bangladesh Sangbad Sangstha

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