Beximco bosses acquitted of 1996 stock market manipulation charges - News Summed Up
Beximco bosses acquitted of 1996 stock market manipulation charges

Beximco bosses acquitted of 1996 stock market manipulation charges


Beximco Group companies Beximco Pharmaceuticals and Shinepukur Holdings, Beximco Pharma Chairman Sohel Rahman, Vice Chairman Salman Rahman and the late managing director DH Khan are accused in the cases. Capital market regulators SEC started a case against 15 organisations and 36 individuals for artificially inflating the stock market in 1996 after taking bribes from investors. The cases were transferred to a special tribunal for stock market after its formation from the chief metropolitan magistrate court. “We have waited so long, knowing the cases had no merit,” Salman Rahman told bdnews24.com on Wednesday. In June 2015, two months after the formation of the special tribunal, two managers of Chick Textiles had been convicted for involvement in the 1996 stock market scam.


Source:bd News24 January 11, 2017 14:19 UTC



Loading...
Loading...