Tuesday, December 5, 2023

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

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

The enemy within

Inside the bank, it was in the air that something grossly wrong was going on at three Sonali Bank branches — Ruposhi Bangla, Gulshan and Motijheel local office — regarding loans to a powerful company named Hall-Mark. It was also in the air that some influential political figures were involved in the still unknown scams ... Read more

Muhith at odds with central bank

Sonali Board Recast Muhith at odds with central bank Bangladesh Bank’s request to the finance ministry to recast the board of state-owned Sonali Bank following the Tk 3,832-crore loan scam has sparked off a debate. “This is not Bangladesh Bank’s duty,” said Finance Minister AMA Muhith when asked by reporters on the central bank’s recommendation ... Read more

Bangladesh Fund floated

The much-talked-about ‘Bangladesh Fund’ entered the stockmarket formally on Thursday by purchasing shares of the state-run Titas Gas. The Securities and Exchange Commission (SEC), a day ago, approved the registration of Tk 5,000 crore fund

Sonali Bank inks pact with CityCell for broadband services

State-owned Sonali Bank, the country’s largest commercial bank, yesterday signed an agreement with mobile broadband service provider CityCell to avail the latter’s high-speed broadband services, to speed up remittances. Golam Anjumanarul Islam, head of business, CityCell and Sahid Hossain, deputy general manager (IT Division), Sonali Bank, signed the agreement at