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Hallmark Group Managing Director Tanvir Mahmud and his wife Jasmine Islam, also the chairman of the group, were sentenced to life term imprisonment on Tuesday in a loan scam case.
Judge Abul Kashem of Dhaka’s First Special Judge’s Court also sentenced seven others to life term imprisonment in the case filed by the Anti-Corruption Commission over money embezzlement through forgery, reports bdnews24.com.
Eight other accused were sentenced to different jail terms in the embezzlement case.
On March 12, the court set the date for the verdict after the state and the defence completed their arguments.
As many as 11 cases were filed against Hall-Mark Group owners, executives and several Sonali Bank officials for embezzling Tk 40 billion from the bank a decade ago. This case is one of the 11 cases filed against them.
On October 4, 2012, the ACC filed a case against Max Spinning Mills at the capital’s Ramna Police Station alleging the company had embezzled Tk 105 million out of a loan of Tk 5.26 billion.
On March 27, 2016, the court ordered the transfer of the accused to the Special Judge Court-1 of Dhaka for trial after the ACC filed charges.
Verdicts had previously been delivered over the Hall-Mark loan scam in several cases, but neither Tanvir nor Jasmine were accused in those cases.