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 Tk 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 Tk 50 lakh while Md Abul Khayer Tk 25 lakh, Eshaal Communication Limited Tk 75 lakh, Abul Kalam Matber Tk 10 lakh, Monarch Mart Tk 1 lakh, Lava Electrode Industries Tk 1 lakh and Zahed Kamal Tk 1 lakh.
BSEC took the decision in the 923rd commission meeting held BSEC in the city.
