SBL files 3 cases against Hall-Mark group

Sonali Bank Limited (SBL) filed Thursday three cases against three entities of the Hall-Mark Group with the Artha Rin Adalat in a bid to recover about Tk 217.12 million, allegedly embezzled y by the group.

SBL executive officer Md Abdus Salam filed the cases in the court of Judge Md Rabiuzzaman on behalf of the bank. Hall-Mark Chairman Jasmin Islam and Managing Director Tanvir Mahmud are the accused in the cases.

After filling the cases, Mr Salam said the SBL will file a total of 21 cases against the Chairman and MD of Hall-Mark Group as they had defaulted on payment of about Tk 620 million in loans.

The three entities were Hall-Mark Style Limited which allegedly swindled about Tk 91.8 million, Hall-Mark Accessories Limited about Tk 109.2 million, and Hall-Mark Packaging Limited about Tk 16.06 million.

Hall-Mark Chairman and MD were sued Tuesday in six other cases for the same allegations.

Earlier on February 3, the SBL board of directors decided to file cases against Hall-Mark Group with Artha Rin Adalat and other civil courts in a bid to recover the embezzled money by the group.

An investigation by Bangladesh Bank revealed that the Ruposhi Bangla Hotel Branch of SBL had lent Hall-Mark Group and five other companies Tk 36.06 billion in between 2010 and May 2012 on the basis of fake documents.