Hallmark loan scam: Verdict today in one of 11 cases

A Dhaka court today is set to deliver a judgment against 19 people, including Hallmark Chairman Jasmine Islam and Managing Director Tanvir Mahmud in a case filed for swindling about Tk 4,000 crore.

Judge Md Abul Kashem of the Special Judge Court-1 of Dhaka will announce the verdict on Tuesday (March 19).

On January 28, after hearing the arguments of the case, the court fixed February 28 for announcing the judgment. Later, again on March 12, after the presentation of arguments by the ACC and the accused, March 19 was fixed for the announcing the judgment.

According to the case documents, the 19 accused, including Hallmark Group Managing Director Md Tanvir Mahmud and his wife and company Chairman Jasmine Islam, are accused of embezzling Tk16.50 crore after taking out loans amounting to Tk525.62 crore in the name of non-existent Max Spinning Mills.

Earlier, the court recorded statements of 57 prosecution witnesses, including complainant of the case.

On March 27, 2016, another Dhaka court framed charges against them in the case.