<div style="text-align: justify; "><span style="font-size: 1rem;">Dhaka Stock Exchange (DSE) has found evidence of share manipulation by a company whose chairman is cricketer Shakib Al Hasan.</span><br></div><div style="text-align: justify; "><span style="font-size: 1rem;"><br></span></div><div style="text-align: justify; "><span style="font-size: 1rem;">An investigation report of DSE has highlighted how the manipulation happened. The investigation shows that Kazi Sadia Hasan, Managing Director of Monarch Holdings, was involved in share market manipulation. Shakib is the chairman of the company.</span><br></div><div style="text-align: justify;"><br></div><div style="text-align: justify;">During this incident, the capital market regulatory body Bangladesh Securities and Exchange Commission (BSEC) fined Abul Khair Hero and others of the group Tk 3.55 crore. Orders have also been issued by BSEC for recovery of the penalty amount. Of this, Tk 3 crore was fined for One Bank share manipulation and the remaining was fined for BDcom share manipulation.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">A DSE report has revealed that 11 individuals and institutions were involved in trading significant amount of One Bank shares during the major rise in the bank's share price.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Those involved include Abul Khair Hero, his wife Kazi Sadia Hasan, father Abul Kalam Matbar, and sister Kanika Afroz. Its beneficiary firms are Candlestone Investments Partners and star cricketer Shakib Al Hasan. Three listed companies in the stock market are Genex Infosys, Fortune Shoes, and Sonali Paper and Board Mills.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Hero reportedly supervised trading shares in the names of Shakib Al Hasan, Genex Infosys, Fortune Shoes, and Sonali Paper.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">According to the investigation report of DSE, from November 15 to 30 last year, the share price of One Bank increased from Tk 12.60 to Tk 20.10, a percentage increase of 59.62 percent.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">DSE investigations revealed that Kazi Sadia Hassan, wife of Abul Khair Hero (client code # 3898 of the UCB Stock Brokerage Limited) was the top buyer of One Bank shares during the period. Source: UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>