ACC files case against Shakib Al Hasan over alleged stock market fraud

The Anti-Corruption Commission filed a case against Shakib Al Hasan and 14 others concerning alleged stock market manipulation, fraud, and money laundering. The case, initiated by Sazzad Hossain on June 17, 2025, accuses the suspects of using beneficiary owner accounts to artificially inflate share prices through serial trading and speculative transactions. The allegations state that the scheme caused ordinary investors to lose large sums of money, while the accused misappropriated nearly Tk 2.57 billion.

The allegations involve massive financial fraud and the manipulation of share prices within the financial system. The investigation also named Abul Khayer Hiru, a deputy registrar at the Department of Cooperatives, who is accused of concealing and transferring Tk 299.44 million. The Anti-Corruption Commission was given a deadline of November 17 to submit its investigation report.