ACC sues PK Halder, three others

The Anti-Corruption Commission (ACC) on Thursday filed another case against Prashanta Kumar Halder, also known as PK Halder, and three others over embezzlement of Tk 440 million from FAS Finance Ltd.
Three other accused are -- former managing director of Diya Shipping Ltd Shiv Prasad Banerjee, director of Diya Shipping Ltd Papiya Banerjee, and former managing director and CEO of FAS Finance Md Rasel Shahriar, according to the case statement.
The case was filed by ACC deputy director Md Rakibul Hayat as per sections 409/420/468/471/109 of the Penal Code, section 5(2) of Prevention of Corruption Act, 1947, and section 4(2) (3) of the Money Laundering Prevention Act, 2012.
The accused, in collusion, forged documents to take Tk440 million as loans against a phony company named Diya Shipping Ltd with the intention to embezzle the fund.
After getting the loans, the forgers layered and transferred the money to bank accounts of different fake organisations and individuals who later laundered it to multiple destinations.
The commission has so far lodged a total of 37 cases against PK Haldar, a former managing director of NRB Global Bank, and his associates for their involvement in misappropriating funds from at least four non-banking financial institutions. However, Mr Halder was arrested by Directorate of Enforcement (ED) of India from North 24 Parganas district of the West Bengal along with five of his accomplices on May 13.
The arrest was made acting on information provided by anti-graft commission of Bangladesh that has been investigating allegations of over Tk 111 billion misappropriation by Mr Halder and his syndicate.

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