The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has decided to impose a fine of Tk 705.7 million on nine individuals and institutions for the share manipulation of Bangladesh Finance (BD Finance), a listed company. The decision was taken at a commission meeting held on Tuesday (December 10) under the chairmanship of BSEC Chairman Khandaker Rashed Maqsood.

This information was revealed in a press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim.

Samir Sekandar was fined Tk 32.25 crore, Abu Sadat Md. Sayem was fined Tk 21.90 crore, Anika Farhin Tk 7.50 crore, Anwar Galvanizing Tk 7.10 crore, City General Insurance Tk 8.5 million, Maher Sekandar Tk 5.2 million, Afra Chowdhury Tk 3.5 million, Abdul Mobin Mollah Tk 9 million and Tajbid Enterprise Tk 1 million.