Share market scam
Photo: Wahid Adnan / Driknews
Over the last few days, the report of the probe body on the subject, is hiding behind the bush of "administrative editing or auditing"; which is making it all the more murky! Why not publish it in verbatim, with the statement that the opinions are of the members of the probe committee, and not of the government. As a novice on the subject; with no 'shares'; I have no idea of the mechanics of the 'share market'. From the news item it seems that 'clever share market operators' naturally buy shares cheaply and sell it at a high price, like any other commodity market. And in the same manner, they can set the price trend in the market by what is called "cornering the market" by creating demand and supply of 'shares' like any other commodity! However, if the companies selling shares have given wrong information about their accounts and profitability, then they should be taken to task. It is a different matter if the share market operators are also owners of the companies providing wrong and misleading information about their company's finances!
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