Staff Reporter :
The High Court on Wednesday ordered the law enforcing agencies to arrest Proshanta Kumar Halder, popularly known as PK Halder, who allegedly swindled billions from a number of banks and financial institutions and fled the country some months back, immediately after returning to the country.
The law enforcers are also directed to send him to the competent court of law showing execution of the arrest warrant.
Inspector general of police (IGP), immigration authorities and Anti-Corruption Commission (ACC) have been asked to comply with the order by ensuring his arrest.
The High Court bench of Justice Muhammad Khurshid Alam Sarkar passed the order after hearing a petition filed by the International Leasing and Financial Services Limited (ILFSL), a non-bank financial institution, following its consultation with Halder in this connection.
Barrister Mahfuzur Rahman Milon, who appeared in the court on behalf of ILFSL, said Halder recently communicated with the company, saying that he wanted to return to the country under the court custody to pay the money that he had embezzled.
“Then the ILFSL board took a decision to recover the money, embezzled by Halder, by bringing him back to the country. As per the decision, ILFSL decided to file an application with the High Court, seeking its directive to allow him to return to the country under the court custody on condition that he would pay the money that he had embezzled,” added the lawyer.
After primary hearing on the petition the court on September 7 this year admitted it and issued an order asking the ILFSL to inform the court about his arrival time, date and flight number etc, and then the court would pass further order on the issue.
Communicating with PK Halder, the ILFSL on October 20 informed the court that he would return to the country on October 25 and they submitted the copy of the tickets of the Emirates Airlines in the High Court. After receiving the tickets the High Court fixed October 21 for detail hearing on the matter.
Yesterday (Wednesday) the court held hearing from the attorney general AM Amin Uddin as the state representative, Anti-Corruption Commission (ACC) lawyer Khurshid Alam Khan and ILFSL lawyer Mahfuzur Rahman Milon over the issue and then passed order.
Mr Amin Uddin told the court that PK Halder is a fugitive in the eye of law. So he could not get any special favor on his returning, added the lawyer.
Halder while officiating as the managing director of Reliance Finance Ltd, a non-bank financial institution, had made his relatives directors of three other leasing companies to swindle money. Together, they had allegedly misappropriated an estimated Tk 35 billion from four NBFIs and left the country last year, the Anti-Corruption Commission found in its enquiry.
The NBFIs are ILFSL, Peoples’ Leasing and Financial Services Ltd, Reliance Finance Ltd and FAS Finance and Investment Ltd.
According to investigation officers, Halder created some businesses that existed only on paper. He then took loans using those businesses and got away.
Later, the anti-graft body had frozen as many 83 accounts where the said money had been transferred.
On January 19 this year, the HC imposed ban on all the present shareholder-directors and the top executives of ILFSL, including Halder, on leaving the country. But before imposing the ban, Halder and his family members had left the country.
Following a petition, filed by some depositors of ILFSL, the HC also directed the authorities concerned not to transfer any of their movable and immovable properties, including stock, cash money and vehicles etc, to any person or entity until disposal of the case, filed with the court in this regard.
The persons concerned are – MA Hashem (chairman), M Nurul Alam (director and managing director of Shaw Wallace Bangladesh Ltd), MD Zahirul Alam, FCA (independent director), Nasim Anwar, FCA (independent director), Bashudeb Banerjee (independent director), Papia Banarjee (independent director), Momtaz Begum (independent director), Md Nowsherul Islam (independent director), Md Anwarul Kabir (independent director), and Engineer Md Nuruzzaman (independent director).
The list also included the names of Muhammad Abul Hashem (independent director), Rashedul Haque (managing director of the company), and PK Halder and his relatives, namely, mother – Lilaboti Halder, brother – Pritish Kumar Halder, wife – Susmita Saha, cousins – Amitav Adhikari and Avijit Adhikari, ex-managing director of Bank Asia Limited Erfanuddin Ahmed, and one Uzzal Kumar Nondi.
