The amount of money embezzled by Prashanta Kumar Halder alias PK Halder and his associates from four non-banking financial institutions (NBFIs) might leave you baffled. It's neither Tk 2,500 crore nor Tk 3,500 crore - figures which have been reported by the media lately. Investigators now say they have so far learnt that the amount is at least Tk 10,200 crore or $120.36
While the case of PK Haldar has exposed the loopholes in the financial sector, it is not the first time such a thing has happened. In fact, bad debt and money laundering remain some of the persistent ills rotting the financial sector at its core. According to a 2020 report published by Transparency International Bangladesh (TIB), around $3.1 billion (Tk 26,400 crore) is
The scandal involving Prashanta Kumar Halder, also known as PK Halder, a former managing director of NRB Global Bank, Reliance Finance and other companies, has been in the national news for almost a decade. Since 2014, he has been reported to have gone into hiding in Canada with billions of Taka of investor money in his pockets. I have personally received communications from
The Kansas Department of Transportation said in a social media post that a segment of Interstate 435 near Renner Road in Lenexa will be closed starting Friday until Monday morning due to a bridge demolition.