A Dhaka court has once again extended the deadline for submitting the investigation report in a stock market manipulation case involving former national cricket team captain Shakib Al Hasan and 14 others.
The investigating agency, the Anti-Corruption Commission (ACC), was scheduled to submit its findings on Wednesday but failed to do so.
Following the delay, Dhaka Metropolitan Senior Special Judge Md Shahjahan Kabir set 17 November as the new date for filing the report, a court order confirmed by the ACC.
The case names 15 individuals, including former lawmaker Shakib Al Hasan.
The other accused listed in the case are Abul Khair, deputy registrar of the Department of Cooperatives; his wife Kazi Sadia Hasan; Abul Kalam Madbor; Kanika Afroz; Mohammad Bashar; Sazed Madbor; Aleya Begum; Kazi Fuad Hasan; Kazi Farid Hasan; Javed A Matin; Jahed Kamal; Humayun Kabir; and Tanveer Nizam.
According to the case documents, the accused manipulated the stock market by conducting illegal series transactions, fraudulent active trading, gambling, and speculation through interest-linked Beneficiary Owner (BO) accounts.
These activities were used to artificially inflate the prices of specific shares, deceiving general investors who suffered total financial losses amounting to Tk 256,97,70,304.
The lawsuit was originally filed on 17 June last year under various sections of the Money Laundering Prevention Act, the Prevention of Corruption Act, and the Penal Code.
