The Bangladesh Securities and Exchange Commission (BSEC) has approved retrospectively the raising of Tk 25 crore in paid-up capital by a chemical company although the pooling had effectively breached securities rules for not acquiring the prerequisite regulatory approval.
Abul Khayer Hiru and his associates manipulated the stocks of BDCOM Online and One Bank to influence the stocks prices, according to the probes of Bangladesh Securities and Exchange Commission (BSEC).
The Bangladesh Securities and Exchange Commission (BSEC) has slapped a far lighter punishment on controversial investor Abul Khayer Hiru compared to the gains he made from his manipulation, in a disturbing development that may set a bad example.