Abul Khair, Deputy Registrar of the Directorate of Cooperatives, created a horrible manipulation cycle within the inventory marketplace with father, mom, brother, sister, spouse, brother-in-law. Who’s referred to as Hiru within the inventory marketplace. This gang has stolen an enormous amount of cash from the inventory marketplace through manipulating the stocks of more than a few indexed firms. The regulatory company Bangladesh Securities and Alternate Fee (BSEC) has fined Hiro and his members of the family greater than 100 crore rupees after proving the manipulation.
On Thursday (BSEC), BSEC chairman Khandkar Rashed Maqsood presided over the verdict to impose this high quality.
Hiru, his spouse Kazi Sadia Hasan, father Abul Kalam Matbar, mom Alea Begum, sister Kanika Afroz, brothers Mohammad Basar and Sajid Matbar, spouse Sadia Hasan’s brothers Kazi Fuad Hasan and Kazi Farid Hasan and Hiru’s firms DIT Cooperative and Monarch are the masterminds of the manipulation. It’s been made up our minds to high quality the preserving a complete of 134 crore 54 lakh rupees.
They’ve been fined for manipulating the stocks of Fortune Suze, Delta Lifestyles Insurance coverage, NRB Industrial Financial institution and Sonali Paper.
In line with BSEC, Abul Khair alias Hiroo has been fined Tk 11 crore for manipulating the stocks of Fortune Suz. Hiru’s father Abul Kalam Matbar has been fined Rs 72 million, DIT Cooperative Rs 15 crore, Hiru’s spouse Kazi Sadia Hasan Rs 25 crore, sister Kanika Afroz Rs 19 crore and brother Sajid Matbar Rs 1 lakh.
19 crore 15 lakhs to Hirou, 1 crore 60 lakhs to Sajid Matbar, 1 crore 15 lakhs to Mohammad Basar, 2 crores 90 lakhs to Kanika Afroz, 1 crores 90 lakhs to Kazi Sadia Hasan, 1 lakhs to Kazi Fuad Hasan, DIT Cooperative was once fined Tk 84 lakh and Abul Kalam Matbar Tk 223 crore.
2 crore 30 lakh to Hirou, 4 crore 15 lakh to Abul Kalam Matbar, 11 lakh to Kazi Sadia Hasan, 1 lakh to Kanika Afroz, 1 lakh to DIT Cooperative, 1 lakh to Aleya Begum, 1 lakh to Mohammad Basar, because of manipulation of stocks of NRB Industrial Financial institution. Monarch Preserving was once fined Tk 1 lakh and Sajid Matbar Tk 1 lakh.
Hiru has been fined Tk 1 lakh, Abul Kalam Matbar Tk 1 lakh, Kazi Sadia Hasan Tk 2 lakh, Kanika Afroz Tk 1 lakh, Kazi Farid Hasan Tk 35 lakh and Kazi Fuad Hasan Tk 35 lakh for manipulating stocks of Sonali Paper.
An investigative file was once revealed in Jago Information on November 15, 2022 below the name ‘Percentage marketplace manipulation with members of the family’ appearing the image of Hiru’s horrible manipulation within the inventory marketplace. There, Hiru, his spouse Kazi Sadia Hasan, father Abul Kalam Matbar, mom Alaya Begum, sister Kanika Afroz, brothers Mohammad Basar and Sajid Matbar, spouse Sadia Hasan’s brother Kazi Fuad Hasan and Kazi Farid Hasan and Hiru’s owned corporate’s manipulation main points had been offered.
Others are matter to fines
In the meantime, within the fee assembly of BSEC, it’s been made up our minds to high quality Anwar Securities Tk 5 lakh. The corporate was once fined for conserving the deficit (which was once later crammed) as a consolidated buyer.
Each and every director of the board of administrators (apart from unbiased administrators and nominee administrators) of Sonali Paper has been fined Tk 20 lakh for manipulating the stocks of Paramount Insurance coverage. This high quality quantity must be paid as non-public legal responsibility.
Mahfuza Akhter has been fined Tk 10 lakh for tampering with High Finance First Mutual Fund. Dewan Salehin Mahmud has been fined Tk 40 lakh for manipulating this mutual fund.
BSEC discovered proof, Monarch Preserving invested outdoor core industry. Because of this, the corporate has been fined 5 lakh rupees. It has additionally been directed to deliver again the cash invested in Monarch Mart and Softavin Restricted as Monarch Holdings inside 30 operating days. It’s been made up our minds to impose a penalty of Rs 10,000 in line with day if the cash isn’t returned inside 30 operating days.
MAS/MHR/GKS
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