195:
ban was confirmed by immigration unit of the
Bangladesh Police. Prashanta Kumar Halder had embezzled 13 billion taka from FAS Finance and Investment Limited through fraudulent loans. Halder had scammed three other financial institutions leaving to unable to pay back loans taken from various banks in Bangladesh. He was able to do so by getting his relatives appointed as directors in those institutions. Officers at FAS Finance and Investment Limited who refused to help Halder with the fraud were punished by the company. Halder had left the financial institution financially crippled. Halder was arrested in India which raised the prices of the stocks of FAS Finance and Investment Limited.
194:
The
Bangladesh Securities and Exchange Commission on 31 May 2021 had formed a new board of directors for FAS Finance and Investment Limited. On 7 June 2021, Bangladesh Bank stopped Pritish Kumar Sarker, managing director of FAS Finance and Investment Limited, from travelling to the United States. The
180:
The company was initially run by Abdul Matlub Ahmad, chairman of Nitol Niloy Group, and his family members. It was financially sound until they sold their stakes in 2014. Prashanta Kumar Halder and his associates took control in 2014 and appointed Md Rassel
Shahriar managing director of FAS Finance
181:
and
Investment Limited. Md Rassel Shahriar and Prashanta Kumar Halder worked together in the same bank in 2007. Ujjal Kumar Nandi, another associate of Halder, was appointed director of FAS Finance and Investment Limited.
184:
On 28 April 2017, Md
Siddiqur Rahman was appointed managing director of FAS Finance and Investment Limited. He served as a director of Nitol Insurance Company Limited, a concern of
142:
805:
800:
138:
716:
455:
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On 14 February 2007, FAS Finance and
Investment Limited open its branch in Chittagong and in Narsingdi in July. The institution held an IPO in 2007.
641:
615:
566:
199:
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Pritish Kumar Sarker became the managing director of FAS Finance and
Investment Limited in January 2018. The company was profitable till 2018.
795:
203:
260:
168:
FAS Finance and
Investment Limited was established on 4 March 1997 and received license to operate as a merchant bank 22 January 1998.
591:
336:
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665:
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740:
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On 16 February 2022, Md Rassel
Shahriar, former managing director of FAS Finance and Investment Limited was detained by the
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133:
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28:
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FAS Finance and
Investment Limited became a public limited company on 18 August 2001.
46:
789:
36:
508:
188:, and Clewiston Foods & Accommodation Limited, a concern of Clewiston Group.
233:
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FAS Finance and Investment Limited opened a branch in Sylhet on 9 July 2008.
137:, who had stolen 102 billion taka from FAS Finance and Investment Limited,
765:
215:
FAS Capital Management Limited received license to operate on 16 May 2012.
95:
Mohammed Nurul Amin (Chairman), A. F. Shabbir Ahmad (Managing Director)
456:"FAS Finance ex-MD Rassel arrested as ACC okays 13 embezzlement cases"
717:"PK Halder's Scam: Officials were punished for not signing off loans"
394:
82:
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was ordered to seize the stocks owned by Prashanta Kumar Halder.
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in Bangladesh providing lease financing and investment services.
261:"FAS Finance: PK Halder's same old trick to embezzle Tk1,300cr"
567:"Board recast of closed, poor performing companies paying off"
127:
In 2020, it was one of the financial institutions targeted by
312:"From the Archives: So far Tk 10,200cr swindled by PK Halder"
104:
337:"Unrestrained, PK Halder became the sultan of swindle"
143:
International Leasing and Financial Services Limited
426:"Beleaguered FAS Finance in search of revival plan"
99:
89:
78:
60:
52:
34:
24:
642:"Troubled NBFIs render Tk 1,000cr bank loans sour"
592:"Bar on ex-MD of FAS Finance from leaving country"
666:"4 describe to court grief caused by PK Halder"
139:People's Leasing and Financial Services Limited
692:"Ex-Reliance Finance MD embezzled Tk 3,000cr"
8:
19:
806:Financial services companies of Bangladesh
18:
801:Bangladeshi companies established in 1997
741:"BSEC orders seize on PK Halder's shares"
225:
20:FAS Finance and Investment Limited FFIL
616:"Disciplining financial institutions"
535:
533:
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478:
476:
204:Central Depository Bangladesh Limited
131:, nicknamed the Sultan of Swindle by
7:
715:Khan, Mahbubur Rahman (2021-08-17).
690:Khan, Mahbubur Rahman (2020-08-14).
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335:Khan, Mahbubur Rahman (2022-05-21).
310:Khan, Mahbubur Rahman (2020-09-27).
285:Khan, Mahbubur Rahman (2020-08-23).
255:
253:
542:"BB stops FAS Finance MD's US trip"
361:"Profit-taking sends stocks lower"
118:FAS Finance and Investment Limited
14:
640:Uddin, AZK Zamir (2022-02-10).
590:Uddin, AKM Zamir (2022-09-16).
766:"FAS Finance & Investment"
484:"New chairman for FAS Finance"
395:"FAS Finance & Investment"
234:"FAS Finance & Investment"
122:non-bank financial institution
16:Non-bank financial institution
1:
796:Organisations based in Dhaka
565:Habib, Ahsan (2022-05-29).
540:Uddin, Zamir (2021-06-07).
66:; 27 years ago
822:
200:Anti-Corruption Commission
147:Reliance Finance Limited
622:. The Financial Express
151:NRB Global Bank Limited
129:Prashanta Kumar Halder
620:The Financial Express
460:The Business Standard
430:The Business Standard
265:The Business Standard
158:Dhaka Stock Exchange
156:It is listed on the
287:"Sultan of swindle"
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56:Financial services
186:Nitol Niloy Group
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509:"Signing deal"
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488:The Daily Star
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365:The Daily Star
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85:, Bangladesh
79:Headquarters
25:Company type
120:is a major
790:Categories
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751:2022-10-10
726:2022-10-10
701:2022-10-10
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321:2022-10-10
296:2022-10-10
271:2022-10-10
243:2022-10-10
220:References
210:Subsidiary
91:Key people
37:Traded as
53:Industry
164:History
100:Website
69: (
61:Founded
45::
149:, and
107:.fasbd
47:FASFIN
29:Public
83:Dhaka
109:.com
71:1997
64:1997
105:www
43:DSE
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