Hallmark
Legal reforms are essential to offset banking sector catastrophes
The private research institution, the Center for Policy Dialogue (CPD), has highlighted the dire situation of the banking sector in its latest research report. According to the report, over the past 15 years, widespread embezzlement has taken place in the country's banking sector, pushing it into a state of severe risk. Of the 60 banks operating in the country, at least 29 are struggling to function properly for various reasons. Among them, at least 10 banks are on the verge of bankruptcy. What was once a symbol of public trust, the banking sector, has now become a breeding ground for corruption.
Hallmark Scandal: Tanvir, Jasmine get life imprisonment
A Dhaka court has sentenced Hallmark Managing Director Tanvir Mahmud and his wife Jasmine Islam, the company's chairman, to life imprisonment in a case of embezzlement of Tk 10.5 crore of Sonali Bank.
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