SBL files 12th case against Hall-Mark Chairman, MD

Sonali Bank Limited (SBL) filed Tuesday 12th case against the top bosses of Hall-Mark Group in a bid to recover about Tk 604.4 million, allegedly embezzled by one of the entities of the group.

SBL executive officer Md Abdus Salam filed the case in the court of Judge Md Rabiuzzaman of Artha Rin Adalat on behalf of the bank.

Hall-Mark Chairman Jasmin Islam and Managing Director Tanvir Mahmud are the accused in the case.

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

The name of the entity is Design Wear Limited. Earlier, the bank filed 11 cases on the same allegations.

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 money embezzled 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 between 2010 and May 2012 on the basis of fake documents.