Dhaka, Feb. 19 -- The Bangladesh Securities and Exchange Commission (BSEC) has imposed fines worth Tk 66.3 million on seven individuals, including Md. Abul Khayer, and two companies, for manipulating the stock price of NRB Commercial Bank.

It penalized two more individuals with fines of Tk 2.0 million for manipulating the stock price of Orion Pharma.

The punishments were delivered upon completion of hearings based on investigations conducted by the Dhaka Stock Exchange (DSE).

As per the Bangladesh Securities and Exchange Ordinance, 1969, no one is allowed to create a false appearance of active trading to influence a stock price directly or indirectly through a series of transactions.

According to DSE findings, Md. Abul Khair and his a...