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Bangladesh Commerce And Investment Limited
Bangladesh Commerce Bank Limited is a private sector commercial bank in Bangladesh. History The bank can trace its origins to the former Bangladesh Commerce and Investment Limited, set up on 27 January 1986. It was a non-bank financial institution. In April 1992 its activities were suspended by Bangladesh Bank due to a liquidity crises. To protect the banking sector, the employees, and customers of the firm, it was changed into a bank by Bangladesh Bank. Bangladesh Commerce Bank Limited was incorporated on 1 June 1998. S Alam Group is an investor in the bank. In August 2004, Bangladesh Bank placed in a watchlist of "problem banks". The bank donated to Prime Minister Khaleda Zia's relief fund. Md Enayet Ullah was appointed managing director of the bank. A branch of the bank in Ashulia, Bangladesh was robbed on 21 April 2015. Nine people including the bank manager were killed. One of the robber was killed and 2 were captured out of an estimated 8-9 robbers. The attack was blam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capital and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Industrial Finance Company Limited
Bangladesh Industrial Finance Company Limited is a major non-bank financial institution in Bangladesh. In 2021 the company got into financial troubles due to embezzlement by its former chairman Abdul Mannan. The company had given large loans that were none performing to Sunman Group subsidiaries, owned by Abdul Mannan. The company is listed on the Dhaka Stock Exchange. Bangladesh Industrial Finance Company Limited was one of four financial institutions targeted by Proshanta Kumar Halder; the others were People's Leasing and Financial Service Limited, FAS Finance and Investment Limited, and Reliance Finance Limited. History Bangladesh Industrial Finance Company Limited was established on 10 August 1996. It is located in Police Plaza Concord, Gulshan. Bangladesh Industrial Finance Company Limited was listed on the Dhaka Stock Exchange The Dhaka Stock Exchange (DSE) ( bn, ঢাকা স্টক এক্সচেঞ্জ ''Dhaka stôk ekschenj''), located in Nikun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bangladesh
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1999
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangladesh Financial Intelligence Unit
The Bangladesh Financial Intelligence Unit is a government agency of Bangladesh responsible for investigating money laundering, suspicious transactions, and cash transaction reports. The unit works under Bangladesh bank. Md Masud Biswas is the chief of Bangladesh Financial Intelligence Unit. History The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank in June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. Asia/Pacific Group on Money Laundering recommended the government to form the unit. In 2015 the Government of Bangladesh announced plans to provide autonomy to the unit. In 2016 Bangladesh Bank confirmed the unit has been made autonomous. In September 2021, the Bangladesh Financial Intelligence Unit sent letters to banks requesting the bank details of 11 elected journalist leaders from Bangladesh Federal Union of Journalists, Dhaka Reporter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prashanta Kumar Halder
Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and a finance officer. He is a fugitive and wanted in Bangladesh for embezzlement of more than 102 billion taka, one of the biggest cases in Bangladesh. The Daily Star called him the "Sultan of Swindle". It is inspected that he has laundered more than a billion US dollars out of Bangladesh. Early life Prashanta Kuman Halder was born in a small village in Najirpur Upazilla of the Patuakhali District in a hindu family. His father's name is Prananendu Halder and mother's name is Lilavati Halder who was a teacher at a local governmental institute. He is the second son in the family. His elder brother's name is Pritish Kumar Halder. They both got graduated from the Bangladesh University of Engineering and Technology. Later he got his both MBA & CFA from the University of Dhaka. Career In 2008, Halder was made the Deputy Managing Director of Industrial and Infrastructure Development Finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Leasing And Finance Limited
Premier Leasing and Finance Limited , also known as PLFL, is a major non-bank financial institution in Bangladesh that provides leasing finance. History Premier Leasing and Finance Limited was established on 26 September 2001 as Premier Leasing International Limited. Bangladesh Securities and Exchange Commission approved initial public offering by Premier Leasing and Finance Limited in 2005. At the same time, it approved the IPO's of Progressive Life Insurance Company Limited, Sonar Bangla Insurance Company Limited, and Islamic Finance and Investment Limited. In 2007, Premier Leasing International Limited was renamed to Premier Leasing and Finance Limited. Mizanur Rahman Shelley was reelected chairman of Premier Leasing and Finance Limited in 2009. SM Shamsul Alam was appointed managing director of Premier Leasing and Finance Limited in 2010. In June 2012, AZM Akramul Haq was re-elected chairman of Premier Leasing and Finance Limited. SM Shamsul Alam was re-appointed manag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Leasing And Financial Services Limited
People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services. In 2020 Proshanta Kumar Halder, known as the Sultan of Swindle, scammed 35 billion taka from the company. History People's Leasing and Financial Services Limited was established on 12 August 1996 and received its license from Bangladesh Bank on 24 November 1997. In 2010, the People's Leasing and Financial Services Limited received permission from Bangladesh Securities and Exchange Commission to issue shares on the stock exchange. An investigation by Bangladesh Bank found financial irregularities took place from 2002 to 2014. It has found the chairman and four members of the board of directors had embezzled money from the institute through fraudulent loans. Anti Corruption Commission arrested Khabir Uddin Miah, one of the directors, on those allegations. Chairman M. Moazzam Hossain was removed from the board of directors. The other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Leasing And Financial Services Limited
International Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh. Md. Nazrul Islam Khan is the chairman and Md. Mashiur Rahman is the managing director of International Leasing and Financial Services Limited. Proshanta Kumar Halder, a banker and known as "Sultan of swindle", had according to media reports embezzled 30 billion taka from the institute and according to Bangladesh Bank 15.69 billion taka. The fraud was aided Amitav Adhikary, a cousin of Proshanta Kumar Halder and senior management at International Leasing and Financial Services Limited. History International Leasing and Financial Services Limited was established in 1996. The institution received licence from the government of Bangladesh on 19 February 1996. On 5 July 2004, Standard Bank Limited 150 million taka loan to International Leasing and Financial Services Limited. In 2007, Dr Salehuddin Ahmed, Governor of Bangladesh Bank ordered the monitoring of nine non-banking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Finance Limited
First Finance Limited is a major non-bank financial institution in Bangladesh. Khan Mohammad Moinul Hasan is the chairman of the First Finance Limited. History First Finance Limited was established in 1993. On 9 October 2003, First Finance Limited listed on the Dhaka Stock Exchange and Chittagong Stock Exchange. First Finance Limited was fined .9 million taka for having a 74.2 million taka deficit in 2015. The shares of the company were listed as Z category of the Dhaka Stock Exchange. In 2016, '' The Daily Star'' identified First Finance Limited as one of three financial institutions dragging the entire finance industry down. It was offering one of the highest interest rate on deposits. In December 2017, First Finance Limited was fined 22.1 million taka for having a deficit of 2.22 billion taka by Bangladesh Bank. An investigation by Bangladesh Bank had found the former chairman of First Finance Limited, AQM Faruk Ahmed Chowdhury, had embezzled 40 million taka from the insti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FAS Finance And Investment Limited
FAS Finance and Investment Limited is a major non-bank financial institution in Bangladesh providing lease financing and investment services. In 2020, it was one of the financial institutions targeted by Prashanta Kumar Halder, nicknamed the Sultan of Swindle by The Daily Star, who had stolen 102 billion taka from FAS Finance and Investment Limited, People's Leasing and Financial Services Limited, International Leasing and Financial Services Limited, Reliance Finance Limited, and NRB Global Bank Limited. It is listed on the Dhaka Stock Exchange. History FAS Finance and Investment Limited was established on 4 March 1997 and received license to operate as a merchant bank 22 January 1998. FAS Finance and Investment Limited became a public limited company on 18 August 2001. On 14 February 2007, FAS Finance and Investment Limited open its branch in Chittagong and in Narsingdi in July. The institution went for IPO in 2007. FAS Finance and Investment Limited opened a branch in S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ansarullah Bangla Team
The Ansarullah Bangla Team (ABT), also called Ansar Bangla is a terrorist organization in Bangladesh, implicated in crimes including some brutal attacks and murders of atheist bloggers from 2013 to 2015 and a bank heist in April 2015. The gang was outlawed days after the bank robbery by the Ministry of Home Affairs on 25 May 2015. The group has been claimed by police to be linked to Islami Chhatra Shibir, the student wing of Jamaat-e-Islami party in Bangladesh. Confessions of five members of the group were recorded by Dhaka Metropolitan Magistrate Harun-or-Rashid that continued from 1 pm to 8 pm relating to the murder of Ahmed Rajib Haider on February 15, 2013. Another four have been arrested for the attack on blogger Asif Mohiuddin. They also claimed responsibility for the murder of three atheist bloggers, Avijit Roy, Oyasiqur Rahman Babu, and Ananta Bijoy Das, and murder of Rajshahi University sociology professor AKM Shafiul Islam. According to the Terrorism Resear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
