Case over Tk 240mn ‘embezzlement’ against S Alam, PK Halder and 11 others goes to trial

A Dhaka court has indicted 13 people, including S Alam Group Chairman Mohammad Saiful Alam and former managing director of Reliance Finance Limited (now Aviva Finance Limited) Prashanta Kumar (PK) Halder, in a case over the alleged embezzlement of Tk 240 million.

Dhaka Special Judge’s Court-8 Judge Nure Alam Bhuiyan framed charges against the accused on Wednesday.

The recording of testimony will begin on Mar 1, the court’s bench assistant Fazlur Rahman confirmed.

Only two of the accused are currently in jail. The rest are absconding.