Arms case filed against the Hall-Mark boss
Tanvir Mahmud, managing director of Hall-Mark Group of Industries, and Tushar Ahmed, general manager of the company, were each placed on a 24-day remand in three cases over the Sonali Bank loan scam yesterday. The Hall-Mark MD was also placed on an additional five days’ remand in an arms case.
The Metropolitan Magistrate’s Court of Dhaka passed the orders upon petitions by
hallmark loan scam
Hall-Mark MD arrested after daylong drive
Sonali Loan Scam
Hall-Mark MD arrested after daylong drive
Tanvir Mahmud, managing director of Hall-Mark Group, and another top official of the controversial firm, were nabbed by the Rapid Action Battalion last night in the
capital’s Pallabi in connection with the Sonali Bank loan scam.
The other official is Tushar Ahmed, general manager (commercial), also husband of
Hall-Mark seeks fresh Sonali loan
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,
27 sued, finally
Hall-Mark Loan Scam
27 sued, finally
After two and a half months’ investigation, the Anti-Corruption Commission yesterday filed 11 cases against 27 top officials of Sonali Bank and
Hall-Mark Group for misappropriating over Tk 1,568 crore in depositor’s money.
The sum, which was funded loan meaning given in cash, is part of
Sonali directors put blame on management
Hall-Mark Loan Scam
Sonali directors put blame on management
Immediate-past directors of Sonali Bank yesterday tried to wash their hands of the Hall-Mark loan scam and blamed the Tk 2,686 crore swindle squarely on the bank’s management.
A four-member parliamentary probe committee held a meeting with the bank’s nine former directors for nearly three hours at the Jatiya Sangsad Bhaban
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
Sonali board members blame management
Hallmark Scam
Sonali board members blame management
Four members of the board of directors of Sonali Bank on Wednesday alleged the bank management was involved in the Hallmark money swindling, claiming their non-involvement in the loan scam.
Members of the board of directors Suvas Chandra Singho Roy, Jannat Ara Henry, KM Zaman Romel and Sattayendra Chandra Bhakta made the allegation after being interrogated by
Sonali Bank won’t file criminal case
Tk 2,686cr Hall-Mark Scam
Sonali Bank won’t file criminal case
Wants ACC to deal with criminal charges
Sonali Bank has decided not to file any criminal case against the controversial Hall-Mark Group, which swindled Tk 2,686 crore out of the bank’s Ruposhi Bangla Hotel branch using forged documents.
“Legal advisers have suggested that we don’t file any case, as the Anti-Corruption Commission is investigating the issue,” bank’s Managing Director Pradip Kumar Dutta told
Sonali in a sticky stew
Tk 2,686cr Loan Scam
Sonali in a sticky stew
Recovery effort stalls as mortgaged land of Hall-Mark overvalued; company claims it is now totally off business
The cash-strapped Sonali Bank is not getting back its money from Hall-Mark Group so soon. To retrieve the money, the quickest way for the state bank is to sell the Hall-Mark assets mortgaged against the loans.
The controversial business group in a letter on Tuesday informed the state-run bank of its inability to return the money in a short time, Tushar Ahmed, general manager (commercial) of Hall-Mark, told
ACC spreads dragnet
To file cases against 20 Hallmark-Sonali officials next week
The Anti-Corruption Commission is preparing to file cases next week against about 20 officials of Hallmark Group and Sonali Bank over embezzlement of around Tk 3,547 crore.
‘We are going to file cases against officials of Hallmark and five other companies and Sonali Bank over the allegation of misappropriation of
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
Turn in bank details
Hall-Mark Scam
Turn in bank details
Central bank asks 32 Sonali officials; scam buster not allowed to probe suspicious loan
The central bank yesterday asked 32 Sonali Bank officials, including a former managing director, to submit their bank statements within 10 days.
The statements will be sent to the Anti-Corruption Commission for legal action if it is found that they have illegal incomes, a Bangladesh Bank
More time needed to file cases against bank officials, Tanvir: Sonali MD
Sonali Bank managing director Pradip Kumar Dutta on Thursday said that the bank needed more time to file criminal cases against some of its officials and Hallmark Group’s managing director and chairman in connection with swindling of more than Tk 3,606 crore from the bank.
The bank has already appointed two lawyers and continued the process to file the cases, he
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
Sonali Bank to file case against its officials, Hallmark MD
Sonali Bank management will file criminal cases in a day or two against some of its officials and Hallmark Group managing director and chairman in connection with swindling of more than Tk 3,606 crore from the bank, a top official of the bank told New Age on Tuesday.
‘We have already made the first information report to file the cases against the alleged
Writ seeks judicial commission to probe Hallmark scam
A writ petition filed with a High Court bench sought a direction to the government to constitute a judicial commission to investigate and ascertain the truth about the ‘blame game of the Sonali Bank loan scam’ in order to award exemplary punishment to the perpetrators and abettors of the scam.
The petition, filed as public interest litigation jointly by three Supreme Court lawyers
Sonali to sue culprits
Tk 3,606cr Swindle
Sonali to sue culprits
The finance ministry yesterday asked the Sonali Bank to file criminal cases against the officials of the bank and Hall-Mark Group involved in the recent loan scam.
The bank and financial institutions division of the ministry in a letter directed the bank’s management to take “departmental and legal action” against the top
Muhith says sorry
Loan Remarks
Muhith says sorry
Sonali board’s role questioned
Facing a barrage of criticism from both in and outside of parliament, Finance Minister AMA Muhith yesterday made an apology for his remarks on the Sonali Bank loan scam that the Tk 4,000 crore swindled by Hall-Mark Group was a paltry amount.
“I should not have made the remarks on that day [Sunday]. I am seeking apology. I’m
Nonsense!
Hall-mark scam
Nonsense!
Muhith ridicules media outcry; experts shocked
Finance Minister AMA Muhith’s comments yesterday on the Sonali Bank loan scam — that the swindle of Tk 4,000 crore was a trivial amount –surprised many, including a former minister, an economist and a banker.
“Here, my banking crisis — which is not a crisis at all,” Muhith said.
“It is a matter of Tk 3,000 or Tk 4,000 crore. Nonsense! But you [media] are harming the
Two Sonali Bank DMDs made OSD
Two GMs also removed
The government on Tuesday made Sonali Bank Limited deputy managing directors Atiqur Rahman and Mainul Haq officer-on-special duty following the bank’s financial scandal in siphoning out around Tk 3,600 crore by the Hallmark Group.
The ministry of finance in an order on the day made the officials of the state-owned bank