News Flash
DHAKA, June 17, 2025 (BSS) - The Anti Corruption Commission (ACC) today filed a case against former captain of Bangladesh Cricket Team and former lawmaker Shakib Al Hassan and 14 others for allegedly manipulating share market and laundering money.
Director General (DG) of the ACC Md Akhter Hossain disclosed the information to the media at a briefing held at its headquarters in city’s Segunbagicha area. Assistant Director (AD) of the ACC headquarters Sajjad Hossain filed the case.
The other accused persons of the case are Deputy Registrar of the Department of Cooperatives Md Abul Khair (Hiru), Kazi Sadia Hassan, Abul Kalam Madbar, Konica Afroz, Mohammad Bashar, Sajed Madbar, Aleya Begum, Kazi Fuad Hassan, Kazi Farid Hassan, Shirin Akhter, Javed A Matin, Md Jahed Kamal, Md Humayun Kabir and Tanvir Nizam.
According to the ACC, the accused persons in connivance with each other have breached the traditional laws of the stock market for immediate personal gain by misusing power and through criminal conspiracies.
The racket for their own interest enhanced the value of some particular shares artificially by illegal series transactions, fraudulent active trading, gambling and speculation through some beneficiary owner (BO) accounts, the sources said, adding that as a result, the general investors of the share market were cheated and lost their huge money.
By adopting these techniques, they misappropriated Taka 256,97,70,304, of which accused Abul Khair and his wife Kazi Sadia Hassan transferred Taka 29,94,42,185 to others by suppressing the sources of that money in their tax returns, the official added.
Accused Abul Khair (Hiru) also made transactions of Taka 542,31,51,982 through his 17 bank accounts that were suspicious and unusual.
Regarding the involvement of Shakib Al Hassan in the scam, the ACC official said that Shakib in connivance with main accused Abul Khair was directly involved in market manipulation by investing money to the share of Paramount Insurance Limited, Crystal Insurance Limited and Sonali Paper Mills Limited. Through this manipulation, he (Shakib) withdrew and misappropriated Taka 2,95,02,915 from the general investors’ fund in the name of ‘realized capital gain,’ the official said.
The ACC, after ending the primary inquiry and the approval of the commission, filed the case against the accused under section 4 of the ACC Act-2012, section 5(2) of the Corruption Prevention Act-1947 and sections 409/420/467/468/120(B) and 109 of the Bangladesh Penal Code.
Lawful actions would be taken against the accused persons after completing the final investigation into the case, the officials added.
