Three get life term in Hall-Mark credit scam

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They are former Assistant General Manager of Sonali Bank’s Ruposhi Bangla Branch Saiful Hassan, Managing Director of Hall-Mark Group’s sister concern Paragon Knit Composite Ltd Saiful Islam Raj and its director Abdullah Al Mamun.

A Dhaka court today sentenced the life term imprisonment for misappropriating Tk22.2 million in the absence of the convicts.

Judge Akhtaruzzaman of the Special Judge Court -5 also fined Tk22.2 million each – in default they will have to suffer seven years more in jail.

The court acquitted another accused AKM Azizur Rahman from the charges as he died earlier.

The punishment of the fugitives will be effective from the day of their arrest or surrender, the judge said.

According to the prosecution, it was alleged that the officials of the Paragon Knit Composite Ltd in association with some bank officials took a loan of over Tk22.2 million from the bank for importing machinery for the company in 2012.

But the accused had misappropriated all the money without importing the machinery.

Anti-Corruption Commission filed a case with Ramna Police Station on May 28 in 2013, accusing them of misappropriating the money, followed by submission of a charge sheet by the ACC on June 11 in 2014 and the court framed charges against them on November 17 same year.


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