“During our investigations, we’ve so far found that 41 commercial banks were involved in the non-funded part of the Sonali Bank loan scam. The banks released loans to Hall-Mark Group and other companies against the guarantee of Sonali Bank’s Ruposhi Bangla Hotel branch,” said an ACC investigator.
Over 100 branches of seven state-run banks, 29 private banks and five foreign banks were involved in the loan scam, he added.
Hall-Mark Group and T & Brothers, Paragon Group, Nakshi Knit, and DN Sports swindled around Tk 36.066 billion from the Sonali Bank- Tk 19.18 billion in the funded part and about Tk15.08 billion in the non-funded part, the investigator said. Of the amount, Hall-Mark alone swindled Tk26.86b.
On October 4 last year, the ACC filed 11 cases against 27 people, including Hall-Mark Group managing director Tanvir Mahmud and its general manger.
On January 1, the ACC filed another 26 cases against 35 top officials of Sonali Bank and five business firms, including 17 of the bank, for swindling over Tk3.50b from the state-owned commercial bank.