People’s Leasing will return deposits to 582 small investors
People's Leasing and Financial Services Limited (PLFSL) will refund the deposits of 582 small investors, the company's lawyer informed the court.
"On a priority basis, 582 small investors who invested up to Tk1 lakh in PLFSL shall be refunded. PLFSL will return a total of Tk3.7 crore," according to Barrister Mezbahur Rahman representing the PLFSL board, informed the High Court (HC) bench of Justice Muhammad Khurshid Alam Sarkar on Monday.
On 28 June last year, the HC formed a 10-member board to operate PLFSL, the institution mentioned in the money laundering case filed against PK Halder.
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The HC appointed Senior Supreme Court lawyer Kamal Ul Alam as chairman of the PLFSL Board.
Former secretary Anwarul Islam Shikder, District and Sessions Judge (retd) Hasan Shahed Ferdous, former managing director of Pubali Bank, Abdul Halim Chowdhury, Brigadier (retd) Kazi Tawfiqul Islam, Noor-e Khoda Abdul Mobin, and Mawla Mohammad were appointed as members of the board.
North South University Finance Department Chairman Nurul Kabir, former managing director of Ansar VDP Development Bank, Mohammad Jalaluddin, and Professor Dr Nasheed Kamal were made representatives of depositors.
On 1 June, Kamal Ul Alam resigned from chairmanship of the PLFSL board due to health issues.
Later, retired District and Sessions Judge Hasan Shahed Ferdous was nominated chairman of the company.
Earlier, 201 depositors approached the HC seeking directions to restructure or revive the institution.
