Dhaka, May 6 -- The Bangladesh Securities and Exchange Commission (BSEC) has imposed Tk 22.75 crore fine on Vanguard Asset Management Limited for violating securities laws in connection with two separate investment transactions made through the Vanguard AML Rupali Bank Balanced Fund.

The decisions were taken at a meeting of the BSEC held on Tuesday with its Chairman Khondoker Rashed Maqsood in the chair, according to a press release issued on Wednesday.

In the first case, Vanguard Asset Management Limited, in 2013, invested a total of Tk 1.50 crore from the Vanguard AML Rupali Bank Balanced Fund into shares of Bengal Poly & Paper Sack Limited, at Tk 25 per share, including a Tk 15 premium, on the face value of Tk 10, in violation of sec...