SC asks BB explain how PK Halder embezzled Tk 3,600 crore

Staff Correspondent | Published: 00:39, Feb 17,2020 | Updated: 00:54, Feb 17,2020


The Appellate Division on Sunday asked  Bangladesh Bank to send an officer not below executive director and former BB deputy governor Khondakar Ibrahim Khaled to explain how Tk 3,600 crore was embezzled by NRB Global Bank’s former managing director PK Halder, his five relatives and cohorts by way of borrowing for fake companies from different leasing companies.

A four-member bench led by chief justice Syed Mahmud Hossain requested  Ibrahim Khaled and the BB representative to be present at the next hearing  on February 25 to explain the matter.

The bench issued the order while hearing an appeal filed by the International Leasing and Finance Services Limited seeking stay on the HC directive to the BB and all the private banks to seize bank accounts of the 11 shareholder directors and the top executives of ILFSL including its chairman and  former Janata Bank managing director MA Hashem, managing directors Nurul Alam and Rasheudl Haque, independent directors Zahirul Alam, Nasim Anwar, Bashudeb Banerjee, Momtaz Begum, Nowsherul Islam, Anwarul Kabir, Nuruzzaman and Muhammed Abul Hashem.

In the appeal ILFSL also prayed for staying the High Court’s another directive to the home secretary and the IGP to seize passports of the 11 directors of ILFSL to stop them from leaving the country.

ILFSL also prayed for the HC’s directive to Bangladesh Bank governor to appoint Ibrahim Khaled as chairman and independent director of ILFSL replacing present chairman MA Hashem.

The HC had issued 12 directives after hearing a company writ petition filed by two clients of ILFSL in December 2019 seeking winding up ILFSL.

The two petitioners had crores of Taka as fixed deposit with the ILFSL, submitted their lawyers, Kamalul Alam and ASM Shahriar Kabir.

After maturity of the fixed deposits, the petitioners applied to en-cash their money but the ILFSL informed them that it had no ability to pay their money.

Ahsanul Karim and Mahfuzur Rahman Milon appeared for ILFSL and attorney general Mahbubey Alam for the state. 

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