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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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 husband of

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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 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 allegation of misappropriation of

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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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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

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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 name had come up during their probe into the Tk 3,547 crore

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