P K Halder

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P.K. Halder is a Bangladeshi Canadian banker who embezzled over 426 Crore BTD from various financial institutions in Bangladesh. He held leading positions in various financial institutions and misused his authority for money laundering and stealing a hefty amount of money from 2015 to 2019.P.K. Halder grew up in a middle-class family in a small village in Bangladesh. He was physically assaulted in childhood by his school teacher regarding a matter of his schools finances.After completing his formal education, he began his career as an executive employee in an organisation. In 2008, P.K. Halder was promoted to the position of Deputy Manager at the Industrial and Infrastructure Development Finance Company Limited (IDFCL). In 2009, he became the M.D. of Reliance Finance Limited. During that time, he also became the owner of Aziz Fibre Jute Control, Northern Jute Manufacturing Company Ltd., Simtex Industries, and Rahman Chemicals. His cousin Amitabh Adhikari also joined Halders business after leaving his Bangladesh Civil Service job.On 3 July 2014, he formed his own company Canada based company named P&L Hal Holding. After this, he became the Managing Director of NRB Global Bank, which is now known as the Global Islami Bank.Halder also owned HAL international, and Swapan Kumar Mistri, a close associate of Halder, was a director of this company. Mistri also worked as a director of International Leasing and Financial Services Limited. Another person involved in the money scam was the wife of Mistri who was the chairperson of MTB Limited. The brother of Swapan Kumar Mistri named Uttam Kumar Mistri was also an associate of Halder, and a loan of 800 Million Takas was taken by Uttams wife Atoshi Mridha from International Leasing and Financial Services Ltd. for a fake company named Kolasin. [5]The Daily Star.From 2015 to 2019, Amitav Adhikari, the cousin of P.K. Halder, served as the director of Peoples Leasing and Financial Services Limited. During that time, a former colleague of Halder named Uzzal Kumar Nandi worked as the Chairperson of Peoples Leasing and Finacial Service Limited. With the help of these two associates, Halder stole Millions of Takas from Peoples Leasing and Financial Services Limited.After this fraud, Halder was appointed as the chairperson of Peoples Leasing and Financial Services Limited.The scam was suspected in 2019, and an investigation against Halder was commenced. During that time, multiple raids were made on illegal casinos in Dhaka to dig for the truth.In 2020, the Bangladesh Bank noted embezzlement of 15 Billion Taka from International Leasing and Financial Services Ltd. This was followed by 22 Billion Takas from FAS Finance and Investment Ltd. Third embezzlement was 30 Billion Takas from the Peoples Leasing & Financial Services Limited. Another company Reliance Finance Ltd. suffered from the embezzlement of 25 Billion Takas. [6]Dhaka Tribune.After all these revelations, the Anti Corruption Commission and the Bangladesh Financial Intelligence Unit started investigating the matter in depth. Halder eloped from Bangladesh in March 2020 and entered the border of India an hour before the enforcement of the travel ban on him. For some time, he stayed in Canada, where he earned the Canadian citizenship.