People's Leasing and Financial Service Limited (PLFS) will refund the deposits of 582 small investors, the board of directors of the company told High Court on Monday.
The High Court bench headed by Justice Muhammad Khurshid Alam Sarkar was informed of the matter by the company’s Barrister Mejbahur Rahman.
A priority refund will be given to 582 small investors who deposited up to Tk1 lakh in PLFS.
The company will return a total of Tk30,700,000.
On January 24, 2021, Anti-Corruption Commission (ACC) arrested four people in connection with the PK Halder money laundering case.
The arrestees included Ujjwal Nandi, chairman of PLFS.
Later, a total of 201 depositors approached the High Court seeking directions to revive PLFS.
The High Court declared a 10-member board of directors, headed by Barrister Kamal-ul Alam, to revive debt-ridden PLFS.
Former managing director of Ansar VDP Unnayan Bank Mohammad Jalal Uddin was also announced as the managing director of the PLFS board.
According to the court’s written order, the other members of the newly formed board are former secretary Anwarul Islam Sikder, former senior district and sessions judge Hasan Shahid Ferdous, former managing director of Pubali Bank Abdul Halim Chowdhury and former army officer (Brigadier General) Kazi Taufiqul Islam, Fellow Chartered Accountant Nur-e-Khoda Abdul Mobin, Maula Mohammad, Depositors' Representative Nasheed Kamal and Nurul Kabir, chairman, Department of Finance, North South University.