The Bangladesh Securities and Exchange Commission (BSEC) has followed through its warning that no gambler would be spared, issuing fines on 16 investors, including Proshanta Kumar Halder, for engaging in the malpractice with shares of four listed companies. Halder, who allegedly embezzled and laundered over Tk 10,000 crore of four non-banking financial institutions abroad and recently had Interpol issue a red notice against him following a request of Bangladesh Police, was fined Tk 25 lakh.
Md Amanat Ullah was fined the highest Tk 1 crore, Other penalised investors are James Martin Das, Porimol Chandra Paul, Mallik Abu Bakkar, Md Tofazzol Hossain, Bidhan Mistri, Amal Krishna Das, Salek Ahmed Siddiqui, Samir Ranjan Paul, Sheuli Paul, Chitta Haran Datta, Setara Begum, Shawndip Corporation and Hal Industries.
The investors broke securities rules while trading shares of Northern Jute Manufacturing, Information Services Network, Fine Foods and Stylecraft. In the commission meeting the stock market regulator fined Bali Securities Tk 2 lakh for keeping insufficient funds at its consolidated customers’ bank account, lending its directors and their wives and giving margin loans for non-marginable securities.
Source: The Daily Star, 21-01-2021