The New Nation - Internet Edition

Staff Reporter

The Securities and Exchange Commission (SEC) has fined 10 directors of ACI Limited Tk two lakh each for non-compliance of securities laws regarding non-dissemination of price sensitive information of the company.

They are Anis Ud Dowla (Chairman/Director), Najma Dowla, Syed Manzur Elahi, Ziaul Haque Khondker, Rafiqul Islam Khan, Dr Arif Dowla (Director/Managing Director), Shusmita Anis Salam, Waliur Rahman, Wajed Salam and Sheema Abed Rahman.

The stock market regulator also fined the Mercantile Bank Ltd. the same amount for non-compliance of securities laws regarding declaration for sale of directors' shares.