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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 16.3 million (1.63 crore) in fines was handed out to four individuals, including Shakib, and three companies, BSS reports citing a BSEC press release on Tuesday.
Shakib Al Hasan was fined Taka 5 million (50 lakh) while Md Abul Khayer Taka 2.5 million (25 lakh), Eshaal Communication Limited Taka 7.5 million (75 lakh), Abul Kalam Matber Taka 1 million (10 lakh), Monarch Mart Taka 100,000, Lava Electrode Industries Taka 100,000 and Zahed Kamal Taka 100,000.
BSEC took the decision in the 923rd commission meeting held BSEC in the city.