It appears that Shakib Al Hasan like being in the news always as yet another controversy stirred involving the ace all-rounder.
This time around, Monarch Holdings Ltd, where cricketer Shakib Al Hasan is the chairman, was involved in share price manipulation, according to media reports.
The company's Managing Director Kazi Sadia Hasan, wife of controversial stock market player Abul Khayer Hiru, was also found to be individually involved in stock manipulation as revealed by a DSE investigation.
The group of stock manipulators including Monarch Holdings and Kazi Sadia Hasan and some other family members and entities of Hiru were recently fined by the stock regulator.
Of the Tk3.55 crore fines imposed by the Bangladesh Securities and Exchange Commission (BSEC), Tk3 crore was fined for One Bank share manipulation and the remaining was fined for BDcom share manipulation.
Shakib himself was one of the significant buyer-seller of One Bank shares during the said manipulation in November last year with making 1.84% of the total volume of the stock then.
However, the BSEC did not categorically name him as a manipulator.
MS
