Bangladesh, Oct. 27 -- The securities regulator has fined three individuals Tk 48 million in total for manipulating the shares of Khan Brothers PP Woven Bag Industries.

The Bangladesh Securities and Exchange Commission (BSEC) fined Md Azad Hossain Patwary Tk 20 million, Md Akter Hosen Tk 18 million and Md Nasir Uddin Akond Tk 10 million for violating securities laws.Bangladesh Economic Report

In an enforcement order dated October 18 and made public on Monday, the BSEC directed the investors to pay the fines within 30 working days, warning that failure to comply could lead to further legal action under securities laws.

The fines followed hearings based on investigation reports prepared by the regulator's enforcement department.

The BS...