Share market manipulation: Shakib, 14 others' investigation report deferred to 17 November
The ACC was scheduled to submit the report today (23 September) but failed to do so, prompting the court to defer the deadline.
A Dhaka court has set 17 November as the new date for the Anti-Corruption Commission (ACC) to submit its investigation report in the share market manipulation case against former national cricket team captain and lawmaker Shakib Al Hasan and 14 others.
The ACC was scheduled to submit the report today (23 September) but failed to do so, prompting the court to defer the deadline.
Dhaka Metropolitan Senior Special Judge Mohammad Shahjahan Kabir set the new, confirmed ACC's general registration (GR) branch.
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The case accuses the 15 defendants of share market manipulation, fraud and money laundering.
The other accused are Abul Khayer, deputy registrar of the Department of Cooperatives; his wife Kazi Sadia Hasan; Abul Kalam Madbar; Kanika Afroz; Mohammad Bashar; Sajed Madbar; Aleya Begum; Kazi Fuad Hasan; Kazi Farid Hasan; Javed A Matin; Jahed Kamal; Humayun Kabir; and Tanvir Nizam.
According to the case statement, the accused allegedly manipulated the share market by carrying out illegal series transactions through their beneficial owner (BO) accounts, fraudulent active trading, gambling and speculation.
They allegedly artificially increased the prices of certain shares, causing ordinary investors to lose a large amount of money.
The case statement estimates that general investors suffered losses of Tk256 crore 97 lakh 70 thousand 304.
The case was filed on 17 June last year under various sections of the Money Laundering Prevention Act, Prevention of Corruption Act and the Penal Code.
