The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has fined 6 individuals and institutions Tk 772 million for violating the relevant securities laws by manipulating the share transactions of Fortune Shoes Limited, a leather sector company listed on the capital market.
The order was given at the 934th commission meeting held on Thursday (December 5) under the chairmanship of BSEC Chairman Khandaker Rashed Maqsud.
This information was given in a notification signed by BSEC spokesperson and Executive Director Rezaul Karim after the meeting.
The notification said that Abul Kalam Matabar was fined Tk 72 million, DIT Cooperative was fined Tk 15 million, Kazi Sadia Hasan was fined Tk 25 million, and Ms. It was decided to fine Kanika Afroz 19 crores, Mr. Md. Abul Khair 11 crores and Sajeed Madbar 1 lakh taka.
