Ex-Reliance Finance MD embezzled Tk 3,000cr

While he was the managing director of Reliance Finance Ltd, a non-bank financial institution, Proshanta Kumar Halder made his relatives directors of three other leasing companies to swindle money. Together, they misappropriated Tk 3,000 crore of depositors, finds the Anti-Corruption Commission in its enquiry. "The money was transferred to 83 accounts ... ," said an ACC