ACC sues 18 executives of 5 more cos, 17 bank officials

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 Ramna police under the Penal Code, Money Laundering Prevention Act-2012 and Corruption Prevention Act-1974 over

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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 six companies to sign stamps admitting the liabilities.
“The repayment largely depends on the willingness of the borrowers. Dishonest

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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

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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

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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 a four-member inquiry team led by its deputy director

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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

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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

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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 half years through underhand ways, according to an

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