Regulatory Agency Bangladesh Securities and Exchange Commission has fined five persons for the sharing of the company Jemini Sea Food Limited, a company listed in the capital market.BSEC) Recently, the Commission, led by BSEC Chairman Khandaker Rashed Maksud, made such a decision.
The BSEC says prominent businessman Bikan Pharmaceuticals PLC Managing Director (M) Mohammad Ebadul Karim and his family associates have led the business.
According to BSEC sources, from January 1 to May 7, 2021, Mohammad Ebadul Karim, along with his associates, raised the share price of Jemi Sea Food. In view of various allegations, the regulatory body has identified those involved in the investigation and brought them under punishment.
Share is among the associates in the sharing – Adul Karim's two children, his shalk and the nearest relative. They joined each other and made the company's share price abnormally increased by the profit of billions.
The capital market had been rumored for years, with the shares of Gemi Sea Food going on. The share price has been increased not because of the company's business and financial conditions, but through the business. Finally, the company's shares have been identified and brought under punishment, BSEC sources said.
According to the commission sources, from January 1 to May 7, 2021, the company was fined for raising the share price of the company listed in the food and accessories. Of this, Mohammad Ebadul Karim was fined Tk 1 lakh, his daughter Risana Karim Tk 2 lakh 12 thousand, his son Ufat Karim Tk 1 lakh 3 thousand, his Schalke Sohail Alam Tk 1 lakh and Fatima Sohail Tk 1 lakh. As a result, a total of Tk.
Mohammad Ebadul Karim, Managing Director of Beacon Pharmaceuticals, is a prominent businessman of Bangladesh. He was elected to the Brahmanbaria-1 seat in the Awami League nomination in the 11th parliamentary election in the 21st. Orion group companies have control of their family members in the board of companies. Ebadul Karim's son Ulafat Karim. He is the director of the company. And his daughter, Risana Karim, is the executive director of the company. Besides, Mohammad Ebadul Karim's Shalk Sohail Alam. He was previously the director of Beacon Pharmaceuticals. And Fatima is a relative of Sohail Mohammad Ebadul Karim.
Earlier, Mohammad Ebadul Karim was fined for sharing shares of Khan Brothers PP Oven Bag Industries and Orion Infusion Limited, a company listed company. At the same time, the chairman of Beacon Pharmaceuticals and his wife Nurun Nahar, his daughter and his controlled institutions were also fined.
From January 1 to May 7, 2021, Mohammed Ebadul Karim, along with four persons, made the shares of Gemi C Food. The businessmen raise the price by adding shares of the company. During that period, the share price of the company was increased from Rs. As a result, the share price of the company increased to 12.35 or 5.7 percent.
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