Due to their share manipulation, 28 BO holders have been penalized. For their role in manipulating shares of Alltex Industries Limited, a textile firm listed on the stock market, 28 beneficial owners (BO) account holders were fined Tk 1.82 crore. 23 BO accounts in the names of 21 businesses and 5 BO accounts in the names of 4 people were used by those involved in the company’s share manipulation.
It has been discovered that between December 17, 2021, and March 22, 2022, the company’s shares were manipulated. The share price of the corporation rose by 87.74 percent throughout that period. Following a number of accusations, the Bangladesh Securities and Exchange Commission (BSEC) has found and disciplined the manipulators, pending further investigation.
The manipulation’s perpetrators registered several BO accounts under various identities with Eminent Securities Limited, United Financial Trading Company Limited, and SBL Capital Management Limited. They then made money by trading the company’s share series and artificially raising the price. This decision was reportedly made at the most recent BSEC Commission meeting.
Among the brokerage houses and merchant bank BO account holders involved in the share manipulation of Alltex Industries, Toramonsirat Shikshit Bekar Sanchay O Rindan Samity Limited received Tk 1 lakh, Shikshit Bekar Sanchay O Rindan Samity Limited received Tk 20 lakh, Bagra Shikshit Bekar Sanchay O Rindan Samity Limited received Tk 17 lakh, Md. Masudur Rahman Sheikh received Tk 1 lakh, Mahamaya Shikshit Bekar Sanchay O Rindan Samity Limited received Tk 16 lakh, Mahamaya Shikshit Bekar Sanchay O Rindan Samity Limited received Tk 1 lakh, Md. Shahjalal Al Shafi received 1 lakh taka, Chandpur Educated Unemployed Savings and Loan Cooperative Society Limited received 1 lakh taka, Chandpur Educated Unemployed Savings and Loan Cooperative Society Limited received 13 lakh taka, Shahrasti Educated Unemployed Savings and Loan Cooperative Society Limited received 1 lakh taka, Debrat Sarkar received 3 lakh taka, Kachua Educated Unemployed Savings and Loan Cooperative Society received 9 lakh taka, Patwari Bazar Educated Unemployed Savings and Loan Cooperative Society Limited received 1 lakh taka, Patwari Bazar Educated Unemployed Savings and Loan Cooperative Society received 4 lakh taka, Wireless Bazar Educated Unemployed Savings and Loan Cooperative Society received 1 lakh taka, Nayahat Educated Unemployed Savings and Loan Cooperative Society Limited received 11 lakh taka, Faridganj Educated Unemployed Savings and Loan Cooperative Society Limited received 4 lakh taka, Gridkalindia Educated Unemployed Savings and Loan Cooperative Society Limited received 1 lakh taka, Md. Jasim Uddin received 1 lakh taka, J. S Enterprises was fined Tk 11 lakh, SB Amer Products Amer Bazar Limited was fined Tk 10 lakh, SBCL Housing Limited was fined Tk 19 lakh, Shikshit Bekar Central Savings and Loan Cooperative Society Limited was fined Tk 5 lakh, Chandra Shikshit Bekar Jubo Bahumukhi Central Association was fined Tk 29 lakh, and Chandra Shikshit Bekar Jubo Bahumukhi Cooperative Society Limited was fined Tk 1 lakh.end of September, the balance of expatriate income through agent banking was Tk 1 crore 6 lakh 56 thousand
