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.
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.
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.