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SEC fines 10 ACI directors, Mercantile Bank PDF Print E-mail
Thursday, 13 March 2008

UNB, Dhaka

The Securities and Exchange Commission has fined 10 directors of ACI Limited Tk 2,00,000 each for non-compliance of securities laws regarding non-dissemination of price sensitive information of the company.

They are Anis Ud Dowla (chairman/director), Najma Dowla, Syed Manzur Elahi, Ziaul Haque Khondker, Rafiqul Islam Khan, Arif Dowla (director/managing director), Shusmita Anis Salam, Waliur Rahman, Wajed Salam and Sheema Abed Rahman.

The stock market regulator also fined Mercantile Bank Ltd. Tk 2,00,000 for non-compliance of securities laws regarding declaration for sale of directors’ shares.

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