The Bangladesh Securities and Exchange Commission (BSEC) has fined 9 individuals and institutions Tk 67.3 crore for manipulation in the share transactions of Sonali Paper and Board Mills Limited, which is listed on the stock market.

This information was confirmed in a press release signed by Executive Director and Spokesperson Mohammad Rezaul Karim on Thursday (December 5).

The release said that a decision has been taken to fine Md. Abul Khair Tk 1 lakh, Md. Abul Kalam Matbar Tk 1 lakh, Kazi Sadia Hasan Tk 2 lakh, Konica Afroz Tk 1 lakh, Kazi Farhad Hasan Tk 3.5 million, and Kazi Fuad Hasan Tk 3.5 million for violating the relevant securities laws by manipulating the share transactions of Sonali Paper and Board Mills Limited from June 2021 to August 5, 2021.