Court seeks info on current situation of International leasing
The four-member bench of the Appellate Division headed by Chief Justice Syed Mahmud Hossain asked them to report on February 25
The Appellate Division today summoned former deputy governor of Bangladesh Bank Khondokar Ibrahim Khaled and a Bangladesh Bank official of executive director rank to brief it on the current situation of International Leasing and Financial Services Limited (ILFSL).
The financial institution allegedly embezzled Tk3,500 crore of the customers.
The four-member bench of the Appellate Division headed by Chief Justice Syed Mahmud Hossain asked them to report on February 25.
Keep updated, follow The Business Standard's Google news channel
The court also expressed concern regarding the current situation of country's banking sector saying, "The condition of the banks are worsening day by day. The government is giving them money to sustain. We can't keep our eyes closed in this circumstances. None will be spared."
Earlier on January 21, the High Court ordered to the authorities concerned to confiscate all assets and bank accounts of 18 directors of capital market enlisted company ILFSL.
The court also ordered to seize their passports as well.
Later the court appointed Khondkar Ibrahim Khaled as the director and chairman of the company.
