Hallmark Scam Sonali to ask Hallmark to refund half of the money in 15 days Sonali Bank will ask the Hallmark Group to refund in 15 days half of the Tk 2,668.38 crore they embezzled from one of its branches, the bank’s director Kashem Humayun, told journalists on Monday. ‘The board is not considering the amount ... Read more
hallmark loan scam
Modasser may be quizzed
Sonali Loan Scam Modasser may be quizzed Anti-graft body interrogates Hall-Mark bosses The Anti-Corruption Commission will quiz Syed Modasser Ali, health adviser to Prime Minister Sheikh Hasina, as part of its ongoing investigation into the Hall-Mark loan scam. ACC Commissioner Md Badiuzzaman, acting chairman of the anti-graft body, yesterday officially informed journalists that the adviser’s ... Read more
Sonali moves to suspend 2 top managers
Sonali Bank has recommended that the government take “proper action” against two of the bank’s deputy managing directors over the Hall-Mark loan scam. The bank’s letter to the finance ministry yesterday did not mention any name but referred to a Bangladesh Bank directive, according to which the two DMDs are Atiqur Rahman and
Janata, Agrani too partners in crime
Hall-Mark Loan Scam Janata, Agrani too partners in crime Finds central bank inspection State-run Janata Bank and Agrani Bank breached banking rules to provide loans to the textile company Hall-Mark Group in connivance with Sonali Bank, helping embezzle crores of depositors’ money, the central bank has found. Janata’s corporate branch located at Janata Bhaban and its ... Read more
17 Sonali Bank officials suspended
Hallmark Loan Scam 17 Sonali Bank officials suspended State-owned Sonali Bank Limited on Thursday suspended 17 officials for their alleged links to the biggest financial forgery in recent times by Hallmark Group. The suspended officials include six officers of the Rupashi Bangla branch of Sonali Bank from which Hallmark Group siphoned off more than
ACC grills five more Sonali Bank officials
Hallmark Loan Scam ACC grills five more Sonali Bank officials The Anti-Corruption Commission on Thursday interrogated five more officials of Sonali Bank about the alleged misappropriation of Tk 3,500 crore by the Hallmark Group. They are Sonali Bank’s deputy general managers Hadayet Ullah, Sabita Seraj, HM Ghulam Nabi Manik, Ashraf Ali Patwari, and senior executive
Hallmark thrived on Sonali loan
An ex-manager found to be in thick of scam Sonali Bank’s Agargaon branch in Dhaka has helped Tanvir Mahmud to turn Hallmark into a business giant through misappropriating the bank’s money, bank officials have said. M Khairul Alam, manager of the branch for 2004-08, gave Tanvir, his associates and a cooperative society of Agargaon over ... Read more
BB for reconstituting Sonali Bank board
Failure To Stop Loan Scam BB for reconstituting Sonali Bank board The central bank yesterday requested the finance ministry to reconstitute the board of directors of Sonali Bank Ltd for its failure to stop Tk 3,832-crore loan scam. In a letter to the finance minister, Bangladesh Bank Governor Atiur Rahman said the nature of the ... Read more
Hallmark Loan Scam
Sonali Bank asked to suspend 31 officials The central bank has directed Sonali Bank to suspend 31 of its officers including two deputy managing directors by Thursday for their involvement in the Tk 3,547 crore loan scam. In a letter, Bangladesh Bank yesterday asked the managing director of the state-run commercial bank for taking action ... Read more
Report blames Sonali Bank’s delayed probe
Hallmark Loan Scam Audit Report blames Sonali Bank’s delayed probe A mysterious delay in starting the internal probe into a loan scam of state-owned Sonali Bank had created a scope for the bank to unethically disburse Tk 1,860 crore as loan, said a functional audit report. Although the bank’s managing director had approved the internal ... Read more
Hallmark loan scam under ACC probe
Several Sonali Bank officials involved in lending Tk 3,547cr to little known entities The Anti-Corruption Commission is investigating a state-run bank’s illegal lending of Tk 3,547 crore to little-known Hallmark Group and five other companies, and the people involved in the scam. The amount embezzled by the six entities is equivalent to almost 15 percent ... Read more