Prashant Kumar Haldar alias PK Haldar amassed around 5,000 crore taka through fraudulent means from a commercial bank and five non-bank financial institutions before fleeing the country, according to sources.
Of this, 2,500 crore taka was taken out from International Leasing and Financial Services Limited (ILFSL), 500 crore taka from People's Leasing and Financial Services, 1,118 crore taka from FAS Finance and Investment Limited, 510 crore taka from Bangladesh Industrial Finance Company (BIFC) and 400 crore taka was taken out from Reliance Finance and 7 crore taka from a new venture commercial bank.
PK Haldar was the Managing Director (MD) of Reliance Finance. He later became the MD of NRB Global Bank, a new venture bank where he started committing fraud in the financial sector.
PK Haldar is now a fugitive in Toronto, Canada. But in a recent development, in a letter to ILFSL, he said he wants to return to the country. He has appealed to the High Court (HC) for security once he returns.
Of the money he collected, about 1,070 crore taka was in the form of FDRs in various banks and loans in the accounts of various institutions.
Of the loans he took, there is no trace of 1,500 crore taka so far. These are thought to have been laundered.
Sources said that after the 2014 national election, PK started buying shares of financial institutions in the name of fake companies.
He appointed his relatives or employees as directors of those companies.
At the same time, by exerting the influence of his managerial position, he inserted loyal people in important positions in the organizations.
In the process, he first bought a majority stake in ILFSL. Then he created some institutions on paper only and borrowed about 2,500 crore taka from financial institutions.
In the same process, he took control of the board of FAS Finance and Investment Limited and swindled about 1,118 crore taka.
Both these institutions are now unable to return the money to its depositors now.
By taking control of People's Leasing and Financial Services Limited, he took a loan of 1,131 crore taka institution from it.
The company is now in the process of liquidation as it failed to pay the depositors.
Moreover, he collected 510 crore taka from Bangladesh Industrial Finance Company. He swindled most of the money of the organization.
While he was the MD of Reliance Finance, PK Haldar gave loans to various institutions. He gave 400 crore taka loan to a brokerage house owned by unidentified person Tan. With this money, he bought shares with unidentified names and appointed his own people as directors of various financial institutions. The amount of the defaulted loan is now 583 crore taka.
When he was the MD of a bank, he carried out unprecedented looting of the bank. Coronavirus test fraud famed Shahed of Regent Hospital received about 1.8 crore taka loan from the bank.
Using an unidentified name, PK Haldar took around 7 crore taka from the bank. The bank's defaulted loan now stands at more than 150 crore taka.
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