Dhaka, Feb. 20 -- The Bangladesh Securities and Exchange Commission (BSEC) have imposed a fine of Tk 10.13 crore on eight individuals and four institutions for violating securities laws.

The penalties were issued as part of the regulator's ongoing efforts to ensure transparency and discipline in the capital market.

The eight individuals and four institutions were much talked about for their illegal involvement in the stock market in January last year.

After finding proof of manipulation through investigation, the BSEC on 10 December last year decided to impose the fines.

The market regulator, sent a letter to the accused in early January detailing the manipulations and fines, published the enforcement report on Tuesday to its website....