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 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 ... Read more
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 ... 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 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 ... 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
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
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