The Anti-Corruption Commission (ACC) has failed to submit its investigation report in a case filed against former Bangladesh cricket captain and former Magura-1 MP Shakib Al Hasan, his mother Shirin Akhter, and 15 others on charges of stock market manipulation, fraud, and money laundering.
The report was scheduled to be submitted on Wednesday. As the ACC could not do so, Dhaka Metropolitan Senior Special Judge Sabbir Faiz set March 3, 2026, as the next date for filing the report.
Aminul Islam, assistant director of the ACC’s prosecution wing, confirmed the development.
The case was filed on May 17 by ACC Assistant Director Sajjad Hossain.
According to the case statement, the accused manipulated the stock market by artificially inflating share prices through illegal series transactions, fraudulent active trading, gambling, and speculation using BO accounts connected to their interests. As a result, general investors suffered major financial losses.
The complaint states that Tk256.97 crore was embezzled through these activities, classified as “criminally acquired money.”
Of this, accused Abul Khair (Hiru), with the assistance of his wife Kazi Sadia Hasan, allegedly laundered Tk29.94 crore by concealing its source and transferring it across various sectors.
Investigators also found unusual and suspicious transactions totalling Tk542.31 crore in 17 bank accounts operated in his name.
The case further alleges that Shakib Al Hasan invested in shares of Paramount Insurance Ltd, Crystal Insurance Ltd, and Sonali Papers Ltd — companies whose stocks were manipulated by Abul Khair.
Through these investments, Shakib allegedly aided in market manipulation and gained Tk2.95 crore from ordinary investors in the form of “realized capital gains.”
