The Anti-Corruption Commission has filed three separate cases against 15 individuals, including S Alam Group Chairman Mohammad Saiful Alam and Proshanta Kumar Halder, former managing director of Reliance Finance Limited (now Aviva Finance), over the alleged embezzlement and laundering of approximately Tk 270 crore from non-bank financial institutions.
The depositors of the International Leasing and Financial Services Limited (ILFSL) have urged the Bangladesh Bank to intervene so they can recover their money.
More than two and a half years after his arrest by India’s Enforcement Directorate (ED) in a money laundering case, Bangladeshi businessman Prashanta Kumar Halder, known as PK Halder, walked out of jail after a special court in Kolkata granted him bail.
We must rectify the system that protects money launderers
PK Halder was jailed for 10 years for illegally amassing money and 12 years for laundering money. He was also fined Tk 333 crore. The punishment of PK Halder will be effective from the day of his extradition from India, the court said.
Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.
The International Leasing and Financial Services Ltd (ILFSL) has taken initiatives to revive the four companies owned by PK Halder in order to recover its funds given out to them.
Proshanta Kumar Halder, aka PK Halder, is likely to be repatriated to Bangladesh by March next year.
A special court in Kolkata that deals with money laundering cases today (September 22, 2022) extended the judicial custody of Bangladeshi national and former NRB Bank MD PK Halder and five of his associates till November 17.
The Anti-Corruption Commission has filed three separate cases against 15 individuals, including S Alam Group Chairman Mohammad Saiful Alam and Proshanta Kumar Halder, former managing director of Reliance Finance Limited (now Aviva Finance), over the alleged embezzlement and laundering of approximately Tk 270 crore from non-bank financial institutions.
The depositors of the International Leasing and Financial Services Limited (ILFSL) have urged the Bangladesh Bank to intervene so they can recover their money.
More than two and a half years after his arrest by India’s Enforcement Directorate (ED) in a money laundering case, Bangladeshi businessman Prashanta Kumar Halder, known as PK Halder, walked out of jail after a special court in Kolkata granted him bail.
We must rectify the system that protects money launderers
PK Halder was jailed for 10 years for illegally amassing money and 12 years for laundering money. He was also fined Tk 333 crore. The punishment of PK Halder will be effective from the day of his extradition from India, the court said.
Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.
The International Leasing and Financial Services Ltd (ILFSL) has taken initiatives to revive the four companies owned by PK Halder in order to recover its funds given out to them.
Proshanta Kumar Halder, aka PK Halder, is likely to be repatriated to Bangladesh by March next year.
A special court in Kolkata that deals with money laundering cases today (September 22, 2022) extended the judicial custody of Bangladeshi national and former NRB Bank MD PK Halder and five of his associates till November 17.
A Dhaka court today began the trial of a case filed against former managing director of NRB Global Bank Proshanta Kumar Halder, known as PK Halder, and 13 others over laundering Tk 80 crore to Canada and amassing about Tk 426 crore illegally.
