Whether prosecuting the masterminds of the hallmark loan scam will help reduce corruption in the financial sector depends on the overall stance of the government. If loan scams continue one after another in the banking sector, one or two trials will not improve the situation. To top it all, the hearing of the Hallmark loan […]
A Dhaka court on Tuesday remarked that the Hallmark Group scam is an extraordinary incident in the history of the country. In observing the verdict, the court also said that those who undermine the country's banking system, economy and people's deposits deserve the death penalty. However, the death penalty in the relevant law is life […]
Six of them are former bank officials: Managing Director Humayun Kabir, Deputy Managing Director Mainul Haque, General Manager Noni Gopal Nath, Deputy General Manager Sofiz Uddin Ahmed, Assistant General Manager Mohammad Kamrul Hussain and Executive Officer Mohammad Abdul Mateen. The three other convicts are Saiful Islam Raza, managing director of Paragon Knit Composite Ltd, a […]