A file photo shows an establishment of Hallmark Group is
being demolished by authorities on the outskirts of Dhaka. Sonali Bank board of
directors on Monday decided to file a number of cases against Hallmark Group
with Artha Rin Adalat and other civil courts in a bid to recover Tk 2,554 crore
embezzled by the group. — New Age photo.
Sonali Bank board of directors on Monday decided to file a
number of cases against Hallmark Group with Artha Rin Adalat and other civil
courts in a bid to recover Tk 2,554 crore embezzled by the group.
The board made the decision in a meeting and the bank will
file a number of cases against the companies concerned of Hallmark Group which
embezzled around Tk 3,000 crore with the help of some officials of Sonali Bank.
Sonali Bank director Zaid Bakht told New Age on Monday that
the bank would file the
cases within this month in a bid to recover the swindled money by Hallmark
Group.
This is for the first time Sonali Bank will file the cases
against Hallmark Group’s managing director Tanvir Mahmud along with related
persons involved in the embezzlement which was unearthed in 2012.
Tanvir and other Hallmark officials along with a number of
high officials of Sonali Bank have already faced criminal cases by the
Anti-Corruption Commission for embezzlement of the money.
An investigation by Bangladesh Bank revealed that the
Ruposhi Bangla Hotel branch of Sonali Bank had lent Hallmark Group and five
other companies Tk 3,606.48 crore in between 2010 and May 2012 on the basis of
fake documents.
A high official of Sonali Bank told New Age that in the
first phase the bank would file civil cases against Hallmark Group to recover
the money and then they would go for five other companies.
The funded and non-funded liabilities of Hallmark with the
bank stand at around Tk 2,554 crore as the bank has so far recovered around Tk
500 crore, he said.
Sonali Bank board of directors on Monday decided to file a
number of cases against Hallmark Group with Artha Rin Adalat and other civil
courts in a bid to recover Tk 2,554 crore embezzled by the group.
The board made the decision in a meeting and the bank will
file a number of cases against the companies concerned of Hallmark Group which
embezzled around Tk 3,000 crore with the help of some officials of Sonali Bank.
Sonali Bank director Zaid Bakht told New Age on Monday that
the bank would file the cases within this month in a bid to recover the
swindled money by Hallmark Group.
This is for the first time Sonali Bank will file the cases
against Hallmark Group’s managing director Tanvir Mahmud along with related
persons involved in the embezzlement which was unearthed in 2012.
Tanvir and other Hallmark officials along with a number of
high officials of Sonali Bank have already faced criminal cases by the
Anti-Corruption Commission for embezzlement of the money.
An investigation by Bangladesh Bank revealed that the
Ruposhi Bangla Hotel branch of Sonali Bank had lent Hallmark Group and five
other companies Tk 3,606.48 crore in between 2010 and May 2012 on the basis of
fake documents.
A high official of Sonali Bank told New Age that in the
first phase the bank would file civil cases against Hallmark Group to recover
the money and then they would go for five other companies.
The funded and non-funded liabilities of Hallmark with the
bank stand at around Tk 2,554 crore as the bank has so far recovered around Tk
500 crore, he said.
News Source: New Age
Dated:-4-Feb-2014
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