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.
A Dhaka court today framed charges against former managing director of NRB Global Bank Proshanta Kumar Halder, known as PK Halder, and 13 others in a case filed over laundering Tk 80 crore to Canada and amassing about Tk 426 crore illegally.
India’s Enforcement Directorate today (July 19, 2022) said it has filed a charge sheet in a special court in Kolkata against former NRB Global Bank MD and Bangladeshi national Proshanto Kumar Halder aka PK Halder and five of his associates in a money laundering case and attached their properties worth Rs 7.56 crore.
A special court in Kolkata today extended by 14 more days the jail custody of Bangladeshi national Prashanta K Halder, former managing director of NRB Global Bank and accused of siphoning Tk 3,000 crore and indulging in money laundering in India. , Prashanta K Halder, NRB Global Bank, Bangladesh, money laundering case, jail custody, Prevention of Money Laundering Act (PMLA) court, West Bengal, Enforcement Directorate,Kolkata court,
The Bangladesh Bank yesterday directed non-bank financial institutions (NBFIs) to preserve all documents, either physically or digitally, related to loans, leases or investments until the repayment is complete.
A Dhaka court today directed the authorities concerned to publish a gazette asking former managing director of NRB Global Bank Prashanta Kumar Halder, better known as PK Halder, and seven others to appear before it in a case filed over laundering Tk 80 crore to Canada and amassing about Tk 426 crore illegally.
Soon after his arrest in West Bengal on May 14, the question that started spinning around was when Prashanta Kumar Halder, better known as PK Halder, would be brought back to Bangladesh.
Alarm bells were raised when PK Halder and his associates laundered around Tk 174 crore from a financial institution in 2016 by setting up companies that existed only on paper.
PK Halder, the former MD of a bank and a notorious embezzler, siphoned off and laundered about Tk 10,000-11,000 crore out of Bangladesh. That’s equivalent to the combined yearly budget of 51 public universities of the country, which is Tk 10,515.71 crore.
Extradition of PK Halder may take time as it involves legal procedures, Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami said today.
An Indian court today placed PK Halder on a 10-day remand in a money laundering case.
The High Court today set June 12 for hearing its suo muto (voluntary) rule over the government's move to arrest Prashanta Kumar Halder, better known as PK Halder, on charge of money laundering.
