Mercantile Bank director fined Tk 4 lakh
Bangladesh Securities and Exchange Commission yesterday slapped a fine of Tk 4 lakh on AKM Shaheed Reza, a sponsor and director of Mercantile Bank, for noncompliance with securities laws in connection with buying of shares.
Reza bought shares of Mercantile Bank without any declaration, which is a violation of securities laws, said the regulator in a statement posted on the Dhaka Stock Exchange website yesterday.
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