The Anti-Corruption Commission (ACC) has lodged a case against prominent Bangladeshi all-rounder Shakib Al Hasan.
Shakib Al Hasan has always been in controversy, and a fresh one has emerged, this time regarding stock manipulation. The Anti-Corruption Commission (ACC) has lodged a case against prominent Bangladeshi all-rounder Shakib Al Hasan and 14 others for alleged involvement in share price manipulation and money laundering.
The ACC released a press release, claiming that Shakib and his associates earned Tk 2.57 billion via unlawful trading and artificially inflated some selective stocks in violation of securities laws. Hence, when stocks jumped, they sold their shares to earn a hefty profit illegally.
The press release also mentioned that Shakib was involved as an investor in the manipulation of stocks of Paramount Insurance, Cristal Insurance and Sonali Paper and earned capital gains worth Tk 29.50 million. ACC investigators uncovered suspicious transactions totalling Tk 5.42 billion in 17 bank accounts linked to Mr. Khayer, who is Shakib’s partner.
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It’s worth noting that Shakib and his partner Abul Khayer’s names appeared several times in probe reports. The Bangladesh Securities and Exchange Commission (BSEC) has already slapped penalties on them, but now ACC has lodged a case against Shakib and his partners.
After being found guilty in the corruption case, Shakib Al Hasan and his associates have been banned from leaving the country. Dhaka Metropolitan Senior Special Judge Md Zakir Hossain issued this order following a hearing on the petition filed by the ACC.
That might affect Shakib’s future cricketing commitments, for he travels all around the world. Recently, he was involved in the Pakistan Super League (PSL) 2025, where he played for Lahore Qalandars.
However, he has not been part of the ongoing Test series against Bangladesh after retiring from the format. His last outing for Bangladesh came in October last year when he was involved in a Test series against India in India.
It will be interesting to see how Shakib’s career unfolds in the coming days. He has already been out of plans from Bangladesh’s national team, and this ban will exacerbate his chances of a return.
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