The Bangladesh Security and Exchange Commission (BSEC) has ordered to seize all market shares belonging to Prashanta Kumar Halder, better known as PK Halder’s companies. On May 14, PK Halder, who is wanted for embezzling thousands of crores of taka in Bangladesh, was arrested by law enforcement agencies in India. Also Read- Govt likely to form panel for PK Halder’s extraditionHe was arrested in the course of raids by the Directorate of Enforcement (ED) under the Ministry of Finance of India in ten areas of West Bengal. PK Halder and his associates took loans amounting to Tk2,000 crore from the FAS Finance and ILFSL against non-existent companies. The sums were later transferred to another account created by PK Halder, the ACC said in its report.

Source: The Express Tribune May 20, 2022 14:15 UTC