Shakib al Hasan
Shakib fined Tk50 lakh for share price manipulation
|| CF DESK ||
Bangladesh cricketer and former Member of Parliament Shakib Al Hasan has been fined BDT 50 Lacs by the Bangladesh Securities and Exchange Commission (BSEC) on allegations of stock market manipulation.
The development was revealed in a notice signed by BSEC Director and spokesperson Farhana Faruqui on Tuesday, September 24.
Shakib was fined and imposed for manipulation in the trading of shares of Paramount Insurance Company Limited, which is listed in the stock market.
In addition to Shakib, Md. Abul Khayer was fined BDT 25 lakhs, Eshal Communication Limited was fined BDT 75 lakh, and Monarch Mart Limited was fined BDT 1 lakh for similar charges of stock market manipulation.
Shakib has been under scrutiny since the fall of the Awami League government in August. Recently, he was named in a murder case in Dhaka last month.
Shakib was not present in the country during the student-people-led anti-government protest as he was busy in the Global T20 League in Canada. Since, the he travelled to Pakistan, and played lone match for Surrey in English County and India, not being in Bangladesh.
However, BCB’s in charge of the cricket operations, Shahriar Nafees stated that country’s best all-rounder won’t face any trouble on his return to the country.
"I think the honourable chief adviser, law adviser and sports adviser have spoken very clearly regarding Shakib Al Hasan," Nafees said.
"There is a clear message from the Bangladesh government that no one will be harassed unfairly in the cases that have been filed. We believe the interim government has made its position very clear on Shakib. Unless there is an injury problem or a selection-related issue, I personally don't see any reason as of now why Shakib Al Hasan should not play in Bangladesh in the home series," he added.