The Bangladesh Securities and Exchange Commission (BSEC) has fined Tk 3.40 crore to an individual investor and two companies for their involvement in manipulating share transactions of Orion Pharma Limited, a publicly listed company.
The penalties were imposed during BSEC’s 935th commission meeting held on Tuesday, December 10.
Penalized Entities:
1. Aminul Islam (Managing Director, Nabil Group): Tk 3.20 crore.
2. Nabil Feed Mills Limited: Tk 10 lakh.
3. Nabil Naba Foods Limited: Tk 10 lakh.
The manipulation occurred between September 21, 2021, and October 14, 2021, during which evidence was found of fraudulent trading practices involving Orion Pharma’s shares.
This action is part of BSEC’s ongoing effort to ensure transparency and accountability in the capital market.
dhk/mw
