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29 March 2024


Business Insider Bangladesh

BSEC orders freezing of PK Halder’s shares

BI Report || BusinessInsider

Published: 18:09, 20 May 2022  
BSEC orders freezing of PK Halder’s shares

Proshanta Kumar Halder

The Bangladesh Securities and Exchange Commission (BSEC) has ordered the freezing of all beneficiary owners’ accounts of Proshanta Kumar Halder alias PK Halder.

Shuvro Kanti Chowdhury, managing director of Central Depository Bangladesh Limited (CDBL) confirmed the development on Thursday.

The commission issued the order in the wake of a court order to freeze the shares of accused PK Haldar in a case filed by the Anti-Corruption Commission (ACC).

In a case filed at the Metropolitan Sessions Judge and Metropolitan Senior Special Judge’s Court and the ACC’s Dhaka Integrated District Office-1, the court on April 13 ordered to block or freeze PK Haldar’s movable assets.

Accordingly, the CDBL was instructed to block or freeze the shares of four companies as PK Haldar’s movable assets.

PK Haldar had taken over four financial institutions in the country by buying shares anonymously at different times. These FIs are Bangladesh Industrial Finance Company (BIFC), International Leasing and Financial Services, FAS Finance and Investment Limited and People’s Leasing and Financial Services.

Haldar embezzled and smuggled thousands of crores taka from these institutions and left the country.

Recently, on May 14, the Enforcement Directorate (ED) of the Central Ministry of Finance arrested PK Haldar and five of his associates from Ashok Nagar in the North 24 Pargana district of West Bengal.

Later, when he was put in court, the judge granted him a three-day remand. A Calcutta court on Tuesday (May 17) granted him another 10-day remand.

Nagad
Walton