The Bangladesh Securities and Exchange Commission (BSEC) has fined several individuals and organizations Tk 428.7 million for violating the Securities Act by trading shares of Bangladesh Export Import Company (Beximco) Limited listed in the capital market.

This decision was announced at the 924th commission meeting under the chairmanship of Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandkar Rashed Maksud on Tuesday (October 1).

This information was revealed through a press release signed by Farhana Farooqui, Director and Chief Executive Officer of BSEC.

It has been reported that the individuals and organizations who were fined Tk 428.7 million are Marzana Rahman Tk 300 million, Trade Next International Tk 41 million, Mushfiqur Rahman Tk 1250 million, Mamtazur Rahman Tk 580 million, Jupiter Business Tk 225 million, Apollo Trading Tk 225 million 15 crore 1 lakh, ART International was fined 70 crores, Abdur Rauf 31 crores, Crescent Limited was fined 73 crores.