The Bangladesh Securities and Exchange Commission on Tuesday formed an inquiry committee to investigate the unusual price hike in shares of nine listed companies.
The companies to be investigated are: Emerald Oil Industries, Anwar Galvanizing, GBB Power, Bangladesh National Insurance, National Feed, Paper Processing and Packaging, Dacca Dyeing, Fu-Wang Ceramic and Beacon Pharmaceuticals.
Bangladesh Securities and Exchange Commission (BSEC) Director Sheikh Mahbubur Rahman will lead the four-member committee, consisting of Assistant Director Ziaur Rahman, DGM of DSE Mohammad Shafikul Islam Bhuiya and CDBL officer Md Moinul Haqueare as members.
The committee has been given 60 days to submit the probe report.
It would investigate the reasons behind the suspicious share transaction of these companies and look into possible insider trading, price manipulation and securities violations, if any, BSEC officials said.
