Shakib Al Hasan has been fined 5 million Taka. The Bangladesh Securities and Exchange Commission (BSEC) fined cricket all-rounder Shakib Al Hasan 5 million Taka for stock market manipulation. However, the interim government’s economic advisor, Salehuddin Ahmed, stated that he should have been penalized for financial malfeasance at least two years ago.
Shakib Al Hasan has been fined: He delivered these remarks on Sunday (December 15) during the annual meeting of the International Business Forum of Bangladesh (IBFB), which was hosted at a hotel in Gulshan, Dhaka.
The advisor indicated that the rate of corruption in Bangladesh during the last 15 years is unprecedented in the globe. He stated that, while theft and corruption occur in many countries, the extent of corruption observed in Bangladesh is uncommon elsewhere. He also stated that, despite reduced taxes, the prices of everyday commodities are not falling. He noted that, while extortionists’ hands have changed, extortion has not stopped.
The economic advisor stated that corporate incentives will be lowered in the future budget for fiscal year 2025-26, citing the inability to give such incentives indefinitely. He highlighted that corporations should pay acceptable taxes, and that extending incentives indefinitely is impractical. He also stated that the incentives will be decreased in the next fiscal year’s budget.
He also stated that the tax system is being changed, and that tax policy and implementation will be distinct.
In 2022, the Bangladesh Securities and Exchange Commission (BSEC) accused Shakib Al Hasan of stock market manipulation. Finally, on September 24, the organization decided to punish him 5 million Taka. Shakib Al Hasan has been fined..
