Where did the money go?
People’s Leasing and some BB officials trade blame over Tk 6.5cr spent to cover up scam
The chairman of a non-banking financial institution, central bank officials, and an audit firm are giving different statements about a scam involving Tk 6.5 crore.
Uzzal Kumar Nandi, chairman of People s Leasing and Financial Services (PLFS), told a magistrate last week that certain Bangladesh Bank officials took the money in bribes between 2009 and 2015. To bury [other] misdeeds in the PLFS, a deputy governor, a general manager, and others of the central bank were given about Tk 6.5 crore between 2009 and 2015, he said.
HC summons PLFS’ ex-chair for transferring IPO shares to personal account Star Online Report Star Online Report
The High Court today summoned former board chairman of People s Leasing and Financial Services Limited (PLFS), a non-bank financial institution, Captain M Moazzam Hossain, and two of his family members directing them to appear before it for explaining their role over transferring PLFS initial public offering (IPO) shares to their personal accounts.
The other two people who have been ordered to appear before the HC are Farzana Moazzam and Eashan-E-Moazzam.
The court also summoned the chiefs of both organisations, E Securities Limited and Great Walls Land Properties Limited before it on the same day for their explanation on this issue.