Sonali Bank Scam ACC sues 18 executives of 5 more cos, 17 bank officials The Anti-Corruption Commission on Tuesday filed as many as 26 cases against 18 senior executives of five more companies and 17 officials of Sonali Bank over their alleged involvement in swindling of the bank’s money. Officials of ACC filed the cases with ... Read more
sonali bank scam
Sonali Bank mulls differently
Tk 3,606cr Recovery Sonali Bank mulls differently Wary of legal implications for forged papers used in Hall-Mark loan The Sonali Bank is looking for ways to get back around Tk 3,600 crore it lent to Hall-Mark and five other companies on false documents as the repayment has become uncertain. The state-run bank now wants the ... Read more
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 ... Read more
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 ... Read more
ACC starts Sonali scam probe
Tk 500cr embezzlement ACC starts Sonali scam probe The Anti-Corruption Commission has started inquiry into an allegation of embezzlement of around Tk 500 crore from three more branches of Sonali Bank. The three branches are the Sonali Bank’s local office, Gulshan branch and Agargon branch, an ACC official told New Age. The ACC on Monday formed ... Read more
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 ... Read more
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 ... Read more
Swindle unearthed at another branch
Sonali Bank Scam Swindle unearthed at another branch Tk 159cr loan given illegally Like its scam-hit Ruposhi Bangla Hotel branch, Sonali Bank’s Gulshan branch has helped a number of companies to swindle Tk 159 crore out of it. The branch approved and disbursed the money in loans and advances in the last two and a ... Read more