How one instt helped PK Halder embezzle Tk 70cr
Investigators have unearthed how the top brass of International Leasing and Financial Services Limited (ILFSL) helped Prashanta Kumar Halder, known as PK Halder, embezzle and launder about Tk 70 crore from the institution.
Besides Halder, 21 people -- including ILFSL's former board of directors, managing director (MD) and officials -- were involved in the scam, according to the probe report of Anti-Corruption Commission (ACC), which is awaiting approval.
ACC sources said Amitav Adhikary, MD of Anan Chemical and Halder's cousin, applied for a loan of Tk 29 crore on October 14, 2015.
ILFSL's head of business Nahida Runai recommended the loan proposal, and former MD Rashedul Haque presented it without any memo before the board on October 25, 2015.
The board sanctioned the loan.
The probe report of Bangladesh Financial Intelligence Unit and other documents, however, showed that the money was not used for the purpose mentioned in the application, rather it was transferred to accounts of different companies and persons.
Of the money, about Tk 18 crore was transferred to Anan Chemical's account.
After that, Amitav transferred Tk 2.69 crore to RB Enterprise, Tk 4.31 crore to SA Enterprise, Tk 8 crore to Neutrical and Tk 3 crore to Borno. All the organisations are Halder's concerns, investigators say.
In the same way, Amitav took loans of Tk 70.82 crore from ILFSL between 2015 and 2017.
Investigators found, instead of using the money for his business, Amitav used Tk 11.14 crore to repay a loan of Deya Shipping, owned by four former ILFSL directors.
Amitav also transferred money to P&L International, P&L Securities, and Hal International, all concerns of Halder. He even transferred about Tk 9.4 crore to Halder's personal bank account.
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