Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

IN BRIEF: Beximco Pharma vice-chair arrested for ties to ousted PM

15th Aug 2024 11:28

Beximco Pharmaceuticals - Dhaka-based generic pharmaceutical products and active ingredients manufacturer - Confirms that Vice-Chair Salman Rahman was arrested by Dhaka police on Tuesday and will be held for 10 days while an investigation into alleged offences is carried out. Rahman was a private industry and investment advisor to deposed Bangladesh prime minister Sheikh Hasina, who fled the country earlier this month amid accusations of human rights abuses.

A number of government ministers and senior leaders are being investigated in cases similar to Rahman's, Beximco says, noting that Rahman has no role in the day-to-day running of the company. On Tuesday, Beximco said the civil unrest that led to Hasina's ouster resulted in reduced distribution of its products, though no significant damage was done to its facilities.

Current stock price: 33.00 pence, down 4.1% in London on Thursday

12-month change: down 18%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value8,262.08
Change112.81