Two probe bodies formed

FE Report | Published: August 04, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

The securities regulator has formed two separate probe bodies to look into the unusual price hikes of two newly listed companies, officials said.
The companies whose unusual price hikes will be investigated are Far Chemical Industries Limited (FCIL) and Shahjibazar Power Company Limited (SPCL).
Mohammad Saifur Rahman, an executive director of the Bangladesh Securities and Exchange Commission (BSEC), has said the probe committees will have to submit their reports within ten working days.
"The BSEC committees will take into accounts the price hikes of the companies observed from July 16 to July to July 24 this year," Rahman said.
The market price of the FCIL went up by 30.23 per cent or Tk 13.0 to close at Tk 56.0 within the timeframe mentioned by the securities regulator.
The probe body comprising of BSEC Director Md. Abul Kalam and BSEC Assistant Director (AD) Md. Iqbal Hossain will conduct the investigation of the FCIL.
The market price of the SPCL was increased by 45 per cent or Tk 18.0 to close at Tk 58 within the timeframe that will be considered for investigation.
The probe body comprising of BSEC Deputy Director Md. Yusuf Bhuiyan and BSEC AD Mohammad Rakibur Rahman will conduct of the SPCL.