The Bangladesh Securities and Exchange Commission (BSEC) has fined cricket all-rounder Shakib Al Hasan Tk 50 lakh for alleged manipulation in the capital market. However, he should have been fined two years ago for his dishonest activities in the financial sector, said Salehuddin Ahmed, the interim government’s finance advisor.

He said this at the annual conference of the International Business Forum of Bangladesh (IBFB) at a hotel in the capital’s Gulshan on Sunday.

The advisor said that the rate of corruption in Bangladesh in the last 15 years is rare in the history of the world, and said that theft and corruption occur in many countries, but corruption like in Bangladesh is not seen often. He said that despite the reduction in taxes, the prices of daily commodities are not decreasing in the market. The hands of extortion have changed, not stopped.

Stating that incentives for businessmen will be reduced in the budget for the next fiscal year (2025-26), the finance advisor said that it is not possible to provide these incentives for life. He said, “Businessmen must pay reasonable taxes. It is not possible to provide incentives for life. Incentives will be reduced in the next fiscal year’s budget.”