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Sonali Life Insurance Company’s former chairman Mostafa Golam Quddus and his six family member directors have embezzled at least Tk 187.84 crore from the company, an audit has found.
The IDRA made the order after Aman in a letter to the IDRA said Sonali Life’s board had not allowed him to enter the company's office since January 1
The Insurance Development and Regulatory Authority (IDRA) has appointed an external auditor for Sonali Life Insurance, a listed insurance company in Bangladesh.
The amount of money embezzled by Prashanta Kumar Halder alias PK Halder and his associates from four non-banking financial institutions (NBFIs) might leave you baffled. It's neither Tk 2,500 crore nor Tk 3,500 crore --- figures which have been reported by the media lately. Investigators now say they have so far learnt that the amount is at least Tk 10,200 crore or $120.36