Indian court grants bail to PK Halder, two aides in money laundering case
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Former managing director of NRB Global Bank Prashant Kumar Halder, also known as PK Halder, who fled Bangladesh and was arrested in the Indian state of West Bengal in May 2022, has been granted bail in a money laundering case.
A West Bengal court granted him bail on Friday.
Two of his associates Swapan Mistry and Uttam Mistry were also given bail in the same case. However, three other associates of PK Halder remained in custody.
The bail came after nearly a year of hearings.
Earlier this year, Indian authorities filed charges against Halder and five of his associates under the Prevention of Money Laundering Act.
The specific conditions of their bail were reportedly not disclosed but may include restrictions on movement and regular reporting to authorities.
In October 2023, a Bangladesh court jailed PK Halder for 22 years for laundering Tk 800 million to Canada and illegally amassing about Tk 4.26 billion.
The court also fined him Tk 10.44 billion in the case filed by the Anti Corruption Commission.
The sentence will take effect once he is extradited from India, the Dhaka court had observed.
That verdict was the first by a Dhaka court convicting PK Halder, who faces charges in over 40 other graft and money laundering cases.