The Dhaka Metropolitan Police (DMP) has arrested three individuals involved in stock market manipulation and spreading rumors in the country’s stock market using online and social media platforms. The arrests were made following a crackdown operation across several areas of the capital on Friday (26 April) night, based on intelligence information, confirmed Additional Commissioner (DB) Mohammad Harun-or-Rashid.
The arrested individuals are identified as: (1) Amir Hossain alias Nurnurani (37), (2) Nurul Haque Harun (52), and (3) Abdul Kaiyum (39). According to officials, there has been a recent surge in manipulative activities in the stock market, where certain unscrupulous individuals are artificially inflating share prices to lure unsuspecting investors. Meanwhile, others are spreading false rumors. These allegations led to the arrest of the three individuals.
Sources indicate that the stock market is a sensitive area closely intertwined with the country’s economy. Many ordinary investors put their savings into investments here, making them vulnerable to potential losses. A selfish cycle has been operating for a long time, aiming to destabilize the stock market and the economy. To this end, various influential figures associated with the Bangladesh Securities and Exchange Commission (BSEC) have been found to be operating secret groups on Facebook, WhatsApp, and Telegram, disseminating various false and misleading information to harass ordinary investors for their own benefit.
The use of ordinary investors in protests is exacerbating the volatile situation. In this regard, the regulatory authority of the stock market, the Bangladesh Securities and Exchange Commission, filed a case at Ramna Model Police Station. The Detective Branch (DB) of Dhaka Metropolitan Police arrested three suspects involved in the case after investigating the matter to protect the interests of ordinary investors.
