Perhaps those who have lost so much due to the manipulation of the stock market should sue the Government for negligence.
As usual the common man will probably be forced to live with his misery whilst those responsible for his misery will prosper.
I wish we could get some of the victims to file a lawsuit against the government.
--- In alochona@yahoogroups.com, Isha Khan <bdmailer@...> wrote:
>
> All-in-the-family trading to fore
>
> Dhaka, Apr 11 (bdnews24.com) — The stocks probe committee has found evidence
> of artificial hiking of share prices through syndicated trading.
>
> The committee outlined three cases where trade between accounts of close
> relatives or multiple organisations owned by an individual led to
> overpricing of shares of People's Leasing and Financial Services Limited
> (PLFSL).
>
> Bangladesh Krishi Bank chief Khondker Ibrahim Khaled – led probe body
> pointed out that a section of traders hyped share-splitting and managed to
> hike share prices through internal bulk transactions.
>
> The Report <http://av.bdnews24.com/file/all/report.pdf> :
> http://av.bdnews24.com/file/all/report.pdf
>
> The market value of shares continued to rise, thus allowing the manipulators
> to reap benefits by selling off the shares at inflated prices.
>
> The investigators traced internal trade worth Tk 60.3 million between Syed
> Sirajuddaula, his wife Rasheda Akter and account-introducer Habibur Rahman
> from Sep 15 to Nov 4, 2010 through PFI Securities brokerage house.
>
> The report also outlined similar syndicated efforts by Yukub Ali Khandker,
> his daughter Sarah Khandker and brother Yasin Khandker via Prime Bank
> Securities. Their internal trade from Sep 6 to Oct 24, 2010 amounted to Tk
> 29.3 million.
>
> Meanwhile, trade by three organisations owned by Anwar Hossain Khan—Anwar
> Khan Modern Hospital, Modern Farm Industries and Hazi Shakhawat Anwar Eye
> Hospital—amongst themselves between Sep 2 and Oct 24, 2010 led to the price
> hike of PLFSL shares.
>
> The first two organisations were clients of Prime Finance and Investment
> Limited, while the third traded shares through National Bank.
>
> http://bdnews24.com/details.php?id=192608&cid=2
>
> http://av.bdnews24.com/file/all/report.pdf
>
------------------------------------
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