Shakib Al Hasan’s name 50 lakhs fine why?

A total of Tk1.63 crore in fines was handed out to seven investors, including Shakib, in this matter, says a BSEC press release. Bangladesh cricket star Shakib Al Hasan has been fined Tk50 lakh by the Bangladesh Securities and Exchange Commission (BSEC) over “share price manipulation” of Paramount Insurance Company.

A total of Tk1.63 crore in fines was handed out to seven investors, including Shakib, in this matter, said a BSEC press release. The others include Abul Khayer Hiru, who was fined Tk25 lakh, Eshaal Communication Limited fined Tk75 lakh, Abul Kalam Matber Tk10 lakh, Monarch Mart Tk1 lakh, Lava Electrode Industries Tk1 lakh and Zahed Kamal Tk1 lakh.

The BSEC confirmed the matter in a press release issued 24 September. This decision was taken in the 923rd commission meeting of the BSEC held yesterday.

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Md Nahid Islam

Md Nahid Islam is a Bangladeshi sports journalist based in Qatar. Nahid comes from the north of Bangladesh, Rajshahi Division. He worked as a Host Country Press Journalist in FIFA World Cup Qatar 2022. Beside this, he also covers AFC Asian Cup 2023 and AFC U-23 Asian cup 2024 in Qatar.

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