Stock market manipulation: Probe report against Shakib, 14 others deferred again

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  • Update Time : Wednesday, September 23, 2026
  • 9 Time

A Dhaka court on Wednesday deferred until November 17 the submission of the investigation report in a case filed against former national cricket team captain and former MP Shakib Al Hasan and 14 others over alleged stock market manipulation, fraud and money laundering.

The investigation report was scheduled to be submitted on Wednesday. However, the Anti-Corruption Commission failed to submit it on the scheduled date, prompting Dhaka metropolitan senior special judge Md Shahjahan Kabir to set the new date, according to ACC sources.

The other accused are Department of Cooperatives deputy registrar Abul Khayer, his wife Kazi Sadia Hasan, Abul Kalam Madbar, Kanika Afroze, Mohammad Bashar, Sajed Madbar, Aleya Begum, Kazi Fuad Hasan, Kazi Farid Hasan, Javed A Matin, Zahed Kamal, Humayun Kabir and Tanvir Nizam.

According to the case statement, the accused allegedly manipulated the stock market by carrying out illegal series transactions, fraudulent active trading, gambling and speculation through BO accounts linked to their interests, artificially increasing the prices of certain shares.

As a result, ordinary investors were allegedly deceived and suffered substantial financial losses.

The case statement said investors incurred losses of over Tk 256 crore.

The case was filed on June 17 last year under various sections of the Money Laundering Prevention Act, Prevention of Corruption Act and Penal Code.

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