Lalmatia Club were dismissed for 88 in 14 overs on Tuesday before bowler Sujon Mahmud sent down just four legitimate deliveries, despite bowling 20 balls.
Three deliveries were no-balls and 13 were wides - all of which raced to the boundary, costing his side 80 runs.
The four legal deliveries were hit for 12 runs by Axiom opener Mustafizur Rahman - not the Bangladesh Test bowler of the same name - as they completed a 10-wicket win in 0.4 overs.
Club secretary Adnan Rahman said the deliveries were part of a protest against poor umpiring in the Dhaka Second Division League, and that his team's captain was not allowed to see the coin after the toss.
The Bangladesh Cricket Board, which organises club cricket in Dhaka, told AFP they had asked match officials to submit a report before launching a formal investigation.
The most runs conceded in a Test innings is Australian left-arm wrist-spinner Chuck Fleetwood-Smith's 1-298, which came from 87 overs against England in 1938.

Estimates put the total quantity of waste involved at more than 30,000 tonnes.
That amount would fill twelve Olympic-sized swimming pools.
The latest site at Galbally, near Dungannon, is the third such find in the area since the Autumn.
Experts from the Northern Ireland Environment Agency (NIEA) are now linking it to two other dumps discovered previously at Ballygawley and Sandholes.
Derek Williamson, from NIEA's Environmental Crime Unit, described the latest find as "significant".
He said: "Given the nature of the waste deposited, NIEA is currently linking five ongoing investigations in the east Tyrone area.
"We also believe the waste originated in the Republic of Ireland."
Mr Williamson said his officials were working closely with the GardaÃ­ to identify those responsible.
The volume of waste at the most recent find is still being assessed.
A man was arrested as part of the operation and was later released pending further inquiries.
NIEA has appealed for anyone with information on illegal dumping to contact them.

The defence ministry had been told to develop plans for a "modest military industrial complex," the president, who came to power in May, said
Nigeria has been battling the militant Islamist group Boko Haram for the last six years.
The US has refused to sell arms to Nigeria citing human rights abuses.
President Buhari told a gathering of newly graduated military officers that Nigeria "must evolve viable mechanisms for near-self-sufficiency" in defence equipment that it usually imports.
On a visit to Washington last month, Mr Buhari said that the US had "aided and abetted" Boko Haram in the past by refusing to sell weapons to Nigeria.
A US law prevents the government from selling arms to countries which fail to tackle human rights abuses.
On Tuesday, a group of visiting US Congress members said Washington could lift its ban on shipping arms to Nigeria's military if the country improved its human rights record.
The US's stance has effectively stopped other Western countries from selling sophisticated military hardware to the country, the BBC's Bashir Sa'ad Abdullahi reports from the capital, Abuja.
Nigeria's only weapons factory in the northern city of Kaduna mainly produces rifles and civilian tools, Mr Buhari's spokesman Garba Shehu told the Reuters news agency.
He said that defence chiefs had now been asked to "re-engineer" it.
Boko Haram has killed some 10,000 people since 2009 and has also kidnapped hundreds of girls and women.
Last month, human rights group Amnesty International said that some 8,000 men and boys had died in Nigerian military custody after being detained as suspected militants.
The military rejected this allegation and Mr Buhari promised an investigation, although there have been no further details.
Why Boko Haram remains a threat
Who are Boko Haram?
A Bangladeshi cricket team conceded 92 runs in the space of four balls to deliberately lose a match in a protest over umpiring.
[NEXT_CONCEPT]
Investigators say parts of County Tyrone are being used by "unscrupulous criminals" to bury waste following the discovery of a fifth illegal dump there.
[NEXT_CONCEPT]
Nigeria is going to establish a domestic weapons factory in an effort to cut its dependence on imported arms, President Muhammadu Buhari has said.