Claims it can export garment worth Tk 500cr in 2 months if granted Tk 25cr loan
Controversial business group Hall-Mark has sought a fresh loan of Tk 25 crore from the Sonali Bank, claiming the credit would help it export garment worth Tk 500 crore in two months, said sources in the bank.
Like before, the company provided false and fabricated information relating to its export potentials.
Meanwhile, leading businessmen have questioned how could the Hall-Mark Group,
hallmark group
Shortcut to fortune
Hall-Mark’s way of building empire with short-term loans
Controversial business group Hall-Mark in wilful violation of banking rules has invested in long-term projects the money it took in short-term loan from state-run Sonali Bank.
The group that began making garments in 2007 now owns 80 factories, at least 40 of which are on paper though. Most of the ones that exist were built with the
No reply from Hallmak on money refund
The Sonali Bank decides its next course of action against the Hallmark Group today as the group ignored a notice seeking refund of a half of the money embezzled from
the bank’s Ruposhi Bangla Hotel branch, officials said.
The Hallmark Group embezzled Tk 2,668.38 crore from the branch of Sonali Bank with forged
Hallmark Group ignores Sonali Bank notice
Refunding money
Hallmark Group ignores Sonali Bank notice
The Hallmark Group ignored a Sonali Bank notice to refund a half of the money it had embezzled from its branches as the 15-day deadline ends today.
The Hallmark Group embezzled Tk 2,668.38 crore from the branches of Sonali Bank.
On September 4, Sonali Bank issued a letter asking the Hallmark Group to refund
Value inflated abnormally
Hall-Mark’s Mortgaged Land
Value inflated abnormally
Savar police, admin always turned a deaf ear to complaints of land-grabbing against Hall-Mark in Janata Housing project
The controversial Hall-Mark Group now claims an abnormally inflated price for the 47 acres of land it has mortgaged to Sonali Bank for the Tk 2,686-crore loan it has taken using forged papers.
Through public advertisements over the last few days, the company has been claiming the market price of the land is Tk 2,000 crore, which is nearly four times the official
Hallmark laundered Tk 1,000cr
The Anti-Corruption Commission has found that the Hallmark Group had laundered Tk 1,000 crore illegally by using at least 50 bank accounts in the last three years, an ACC official told New Age on Tuesday.
He said that the group’s 18 companies used at least 30 local public and private as well as foreign banks to launder the money. The ACC will file at least 50 cases next week against 61 people
18 companies of Hallmark Group obtained TIN but did not submit tax returns
The National Board of Revenue has found that 18 associate companies of the Hallmark Group did neither submit tax returns nor paid taxes for any fiscal year though the companies have obtained tax identification numbers as business entities, NBR officials said on Monday.
The NBR will serve notice very soon to the companies asking why they did not submit tax