Published:  03:16 PM, 11 July 2018 Last Update: 04:17 PM, 11 July 2018

Hallmark chairman Jasmine gets 3 yrs in prison

Hallmark chairman Jasmine gets 3 yrs in prison
A Dhaka court on Wednesday sentenced Hallmark Chairman Jasmine Islam to 3 years imprisonment for swindling over Tk437 crore out of Sonali Bank.

Akhteruzzaman, Judge of  Special Court-5 announced the verdict .

Jasmin Islam, along with the jail sentence, has been fined Tk 20 lakh with a 7-day time frame.

The Bangladesh Bank investigation had earlier found that Sonali Bank's Ruposhi Bangla Hotel branch lent the Hallmark Group and five other companies Tk3,547 crore between 2010 and 2012, using fake documents.
 

Of the Tk3,547 crore, the Hallmark Group alone swindled Tk2,686.14 crore.

 On October 4, 2012, the Anti-Corruption Commission (ACC) filed 11 cases with Ramna police station against 27 top officials of Sonali Bank and Hallmark Group on charges of misappropriating over Tk1,568 crore.

 On October 7, 2013, ACC submitted charge sheets against Jasmine, Tanvir and 23 others in 11 corruption cases.



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