KaloKhata
ConvictedBSEC case filed on April 2, 1997; tribunal case number not stated in cited reporting

Chic Textiles 1996 stock-manipulation case

Court-reported Capital Market Special Tribunal conviction record for Chic Textiles directors in a 1996 stock-manipulation case.

Convicted: A court has entered a conviction; check appeal status separately.
A category describes the subject matter of a record; it does not independently establish liability or guilt.
Category
Financial misconduct
Jurisdiction
Bangladesh
Authority
Bangladesh Securities and Exchange Commission
Court
Capital Market Special Tribunal
Filed
2 Apr 1997
Last verified
14 Aug 2026

Detailed description

bdnews24 and The Daily Star reported that the Capital Market Special Tribunal sentenced Md Maksudur Rasul and Iftekhar Mohammad to four years' imprisonment and fines in a 1996 share-manipulation case. This record treats the matter as a trial-court conviction; appellate posture is not established in this source bundle.

People involved and exact roles

Md Maksudur Rasul

Convicted person · Trial-court conviction reported; appellate posture not established here.

Trial-court conviction reported; appellate posture is not established in this record.

Iftekhar Mohammad

Convicted person · Trial-court conviction reported; appellate posture not established here.

Trial-court conviction reported; appellate posture is not established in this record.

Timeline

    Evidence summary

    Two news reports support the tribunal verdict, sentence, and Chic Textiles context.

    Outcome

    Conviction reported Four years' rigorous imprisonment and Tk 30 lakh fine reported for each convicted director

    Primary sources

    Secondary/news sources

    Subject responses

    Corrections

    Related cases

    Chic Textiles 1996 stock-manipulation case