ACC seizes BSEC docs on Shakib

The Anti-Corruption Commission (ACC) has seized official documents from the Bangladesh Securities and Exchange Commission (BSEC) on an ongoing investigation into an alleged Tk 2.57 billion stock market manipulation involving cricketer Shakib Al Hasan and 14 others.

ACC Deputy Director and Public Relations Officer Md Aktarul Islam confirmed the development on Monday.

The corruption watchdog had initially requested the documents' certified copies in May last year. The case was later filed on Jun 17 last year by ACC Assistant Director Sazzad Hossain, who is also investigating the allegations.

According to the case statement, the suspects launched a criminal conspiracy to bypass trading laws for rapid financial gain.

They allegedly engaged in deceptive active trading, series transactions, and market speculation across specific beneficiary owner (BO) accounts to artificially inflate the stock prices of companies like Paramount Insurance, Crystal Insurance, and Sonali Paper.    �"bdnews24