Photo:BSS

DHAKA, Oct 1, 2024 (BSS) - The Bangladesh Securities and Exchange Commission (BSEC) has fined nine investors of Beximco Ltd a record Tk428.52 crore for manipulating the company's share prices.

The commission today fined the investors in its 924th meeting, said a press release.

This is the first time a company's investors have been fined such a high amount in the capital market's history.

Of the investors, Mosfequr Rahman has been fined the highest Taka 125 crore, Crescent Ltd has been fined Tk 73 crore, Momatazur Rahman has been fined Tk 58 crore, and Abdur Rouf has been fined Tk 31 crore.