The Dhaka Stock Exchange (DSE) for the 40th time has extended the deadline over suspension of People’s Leasing and Financial Services (PLFSL)’s share in the stock market from July 12 to July 27 this Thursday.
The trading of PLFSL’s shares was suspended first in July, 2019 following action taken by the Bangladesh Bank to stop its activities.
The central bank took this decision upon finding irregularities, corruption, and mismanagement and following the government’s directive to liquidate PLFSL for its deteriorating financial health.
The High Court has ordered the law enforcing agencies to stop the 122 loan defaulters who have yet not appeared before the court from fleeing the country. On a court hearing held on March 9, 2019 five loan defaulters paid Tk2.4 million. A total of 56 loan defaulters appeared before the court on this date.
Proshanta Kumar Halder also known as PK Halder also deprived PLFSL of Tk3,500 Crore.The High Court has ordered agencies to restructure the company to improve its condition.