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Hallmark loan scam verdict on February 28

Hallmark loan scam verdict on February 28
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Hallmark loan scam: Verdict on Feb 28 in one of 11 cases

A Dhaka court today set February 28 to deliver a judgment against 19 people, including Hallmark Chairman Jasmine Islam and Managing Director Tanvir Mahmud in a case filed for swindling over Tk 10.5 crore out of Sonali Bank

Bangladesh Services defaults on BICC rental deal with Public Works Department

The Bangladesh Services Limited (BSL) – a state-owned hotel management company – has violated a rental deal for the Bangabandhu International Conference Center (BICC) by not paying the rent of Tk391 crore including interest. BSL, listed on local stock exchanges, took the lease of BICC for ten years from the Public Works Department (PWD) at Tk460 crore. The company did not pay

Hallmark scam hangs heavy over Sonali Bank

Sonali Bank is yet to be free of hesitation over its ability to smoothly disburse loans following the Hallmark Group loan scam, one of the worst financial scandals perpetrated in the country between 2011 and 2012.

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