2024-10-02 01:45:32
17 individuals and organizations have been fined Tk 428.52 million for violating the Securities Act by trading shares of Bangladesh Export Import Company Limited (Beximco), a company listed in various sectors in the capital market. Between July 28, 2021 and March 10, 2022, those individuals and institutions fraudulently traded shares of the company in violation of securities laws.
As a result, the current commission has taken such a decision considering the overall aspect. In the history of the capital market, a company has been fined such a large amount due to violation of securities laws by manipulating its shares.
This decision was taken at the 924th emergency commission meeting held on Tuesday (October 1) under the chairmanship of BSEC Chairman Khandkar Rashed Maqsood. This information was informed in a press release signed by BSEC Director and Spokesperson Farhana Farooqui.
As mentioned in the press release, the 924th Commission meeting was held in the Commission’s meeting room under the chairmanship of BSEC Chairman Mr. Khandaker Rashid Maqsood. In the meeting, it was decided to penalize the following individuals and institutions for violating the Securities Act by trading shares of Bangladesh Export Import Company Limited (Beximco) listed in the capital market.
The persons and institutions convicted are:
Miss Marzana Rahman has been fined 5 crore rupees. He traded shares from 28.07.2021 to 06.09.2021.
Tradenext International Limited has been fined 1 crore rupees. The company traded shares from 28.07.2021 to 06.09.2021.
Mosfekur Rahman has been fined Tk 25 crore. He traded shares from 28.07.2021 to 06.09.2021.
Momtazur Rahman has been fined 40 crore rupees. He traded shares from 28.07.2021 to 06.09.2021.
Jupiter Business Limited has been fined Rs 2.50 crore. The company traded shares from 28.07.2021 to 06.09.2021.
Apollo Trading Limited has been fined Tk 1 lakh. The company traded shares from 28.07.2021 to 06.09.2021.
Art International Limited has been fined 70 crore rupees. The company traded shares from 28.07.2021 to 6.09.2021.
Abdur Rauf has been fined 1 crore rupees. He traded shares from 28.07.2021 to 06.09.2021.
Crescent Limited has been fined 3 crore rupees. The company traded shares from 28.07.2021 to 6.09.2021.
Abdur Rauf has been fined 30 crore rupees. He traded shares from 02.01.2022 to 10.03.2022.
Crescent Limited has been fined Tk 70 crore. The institution from 02.01.2022 to 10.03. Shares traded till 2022.
Mosfekur Rahman has been fined 30 crore rupees. He traded shares from 02.01.2022 to 10.03.2022.
Momtazur Rahman has been fined 18 crore rupees. He traded shares from 02.01.2022 to 10.03.202.
Jupiter Business Limited has been fined Tk 20 crore. The institution from 02.01.2022 to 10. Shared till 03.2022.
Apollo Trading Limited has been fined Tk 15 crore. The company traded shares from 2.01.2022 to 10.03.2022.
Miss Marzana Rahman has been fined 25 crore rupees. He traded shares from 02.01.2022 to 10.03.2022.
Tradenext International Limited has been fined 4 crore rupees. The company traded shares from 02.01.2022 to 10.03.2022.