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PK Halder, 128 other loan defaulters summoned

Published : Wednesday, 7 April, 2021 at 8:09 PM  Count : 188

PK Halder, 128 other loan defaulters summoned

PK Halder, 128 other loan defaulters summoned

The High Court has ordered fugitive former NBR Global Bank managing director Prashanta Kumar Halder and 128 others to appear before it in person on May 24 and 25, and explain how they would repay the money they swindled taking from various organisations, including leasing companies.

A High Court division bench of Justice Muhammad Khurshid Alam Sarkar issued the order on March 16 last following a writ petition filed by aggrieved International Leasing and Financial Services Limited (ILFSL). The copy of the order was released on Wednesday.

The HC issued a rule asking the authorities concerned to explain as to why swindler individuals and organisations will not pay back the money.

The Anti-Corruption Commission (ACC) has to answer as to why it will not play a leading role in this regard.

The persons and organisations concerned have been asked to submit reply to the rule within two weeks.

The HC will hold further hearing on the matter on May 24 and 25.

Barrister Mahfuzur Rahman Milon appeared for ILFSL.

He said a total of 129 loan defaulters including PK Halder and others owed some Tk 1,800 crore to the International Leasing and Financial Services Limited. The High Court has summoned them to appear before it and explain how they would repay the ordinary customers' money. Of the 129 loan defaulters, 100 have been asked to appear before the bench on May 24, and the rest 29 on May 25.

On January 21 last, the High Court summoned 280 loan defaulter individuals to appear before it and clarify how they would repay the money they took as loans from People's Leasing and Financial Services Ltd (PLFSL).

The HC also said defaulters must pay the due installments first and they will then get opportunity to bargain and negotiate with the liquidator of PLFSL. The persons who fail to do so will be taken into custody, the HC said.

The HC bench made the observations while hearing a petition filed by Bangladesh Bank in 2019 seeking permission to liquidate PLFSL.

Liquidation process began after the board of PLFSL informed the central bank in April 2019 of inability to pay back the depositors' money despite the maturity of the deposits.


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