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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] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...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
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali, one of the easternmost branches of the Indo-European language family. Bangladesh forms the sovereign part of the historic and ethnolinguistic region of Bengal, which was divided during the Partition of India in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-bank Financial Institution
A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment which act as backup facilities should the primary form of intermediation fail." The term ''non-bank'' likely started as non-deposit taking banking institution. However, due to financial regulations adopted from English speaking countries, non-English speaking countries took "non-bank" as a s ... [...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] |
The Daily Star (Bangladesh)
''The Daily Star'' is a leading Bangladeshi English-language daily newspaper. It is the largest circulating daily English-language newspaper in the country. Founded by Syed Mohammed Ali on 14 January 1991, as Bangladesh transitioned and restored parliamentary democracy, the newspaper became popular for its outspoken coverage of politics, corruption and foreign policy. It is considered a newspaper of record for Bangladesh. The newspaper is known for its "reputation for journalistic integrity and liberal and progressive views - a kind of Bangladeshi ''New York Times''". Its slogan is "Journalism Without Fear or Favour". Mahfuz Anam serves as editor and publisher of ''The Daily Star''. Its motto, "Your Right to Know", appears above its logo on the front page. ''The Daily Star'' is owned by Mediaworld, in which a major share is held by the Transcom Group. ''Star Business'' is the business edition of the paper and highly popular. History In the late 1980s, plans for a major English ... [...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] |
Reliance Finance Limited
Aviva Finance Limited is a sharia complaint major non-bank financial institution in Bangladesh. It was formerly called Reliance Finance Limited. Mohammed Saiful Alam is the chairman of Aviva Finance Limited and also S. Alam Group. The former managing director of Reliance Finance Limited, Proshanta Kumar Halder, embezzled from Reliance and other financial institutions in Bangladesh through fraudulent loans. According to the Anti-Corruption Commission Proshanta Kumar Halder had stolen 102 billion taka. The Daily Star gave Proshanta Kumar Halder the name ''sultan of swindle''. History Aviva Finance Limited started as Bahrain Bangladesh Finance and Investment Company Limited in 1996. Mascot Finance Company Limited invested in 2000 and was renamed to Oman Bangladesh Leasing & Finance Limited. In 2003, the foreign investors sold all their shares. In March 2009, S. Alam Group purchased most of the shares except a small portion held by the National Life Insurance Company Limited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRB Global Bank Limited
Global Islami Bank, former known as NRB Global Bank, is a fourth generation Bangladeshi sharia compliant private bank. Nizam Chowdhury is the chairperson of the Bank. Syed Habib Hasnat is the Managing Director of Global Islami Bank. History The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis. Bangladesh Bank provided licenses to nine banks, including NBR Global Bank, in 2013 on the condition that the bank will eventually list on the stock market. On 14 August 2013, Md Abdul Quddus was appointed Managing Director of NRB Global Bank. In 2015, Prashanta Kumar Halder became the Managing Director of the Bank. Nizam Chowdhury, director of Diamond Life Insurance Company Limited and Kushira Power Limited, was appointed chairman of NRB Global Bank in August 2016. In April 2019, the NRB Global Bank announced it's intention to change its name to Global Bank of Bangladesh due to the existence of two banks, NRB Commercial Bank Limited and NRB Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dhaka Stock Exchange
The Dhaka Stock Exchange (DSE) ( bn, ঢাকা স্টক এক্সচেঞ্জ ''Dhaka stôk ekschenj''), located in Nikunja, Dhaka, is one of the two stock exchanges of Bangladesh, the other being the Chittagong Stock Exchange. In 2021, the combined market capitalisation of listed companies on the Dhaka bourse stood at over $68 billion. History First incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. Again renamed as Dacca Stock Exchange Ltd on 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nitol Niloy Group
Nitol Niloy Group () is a Bangladeshi diversified conglomerate based in Dhaka. Its primary business is the import and distribution of Tata Motors vehicles in Bangladesh. Abdul Matlub Ahmad is the chairperson of Nitol Niloy Group. Selima Ahmad mp is the Vice-Chairperson of Nitol Niloy Group. History Nitol Niloy Group was established in January 1980 as Nitol Motors Limited, an importer of vehicles. Nitol Motors Limited became the distributor of Tata Motors in Bangladesh in 1988. In 1991, Nitol started assembling Trucks and Busses for Tata in Bangladesh. Niloy Cement Clinkerization started operations in September 2007. It was the first cement clinkerization plant in Bangladesh. The group has an annual turnover of 5 billion taka in 2010. Nitol-Niloy Group led a delegation of Bangladeshi companies to Uganda in May 2011. It announced plans to invest US$12.5 million to develop rice cultivation in Uganda. It signed an agreement with Amrit Group to develop a poultry industry in Bang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
