SB to ask Hallmark to repay half the loan

Dhaka, Sep 3 Sonali Bank is going to ask the Hallmark group to pay back in 15 days half of the Tk 26 billion it had taken allegedly violating rules, said a Director of the bank.
The largest state-owned commercial bank's governing body took the decision on Monday.
The bank's Director Kashem Humayun confirmed journalists about the decision at the bank's headquarters at Motijheel.
He also referred to the statement the Hallmark Managing Director Tanvir Mahmud made on Sunday, after being quizzed at the ACC headquarters, saying that he would pay back every single penny of the amount taken as loan.
"Following the statement he made, the board of directors has decided to issue a letter for him (Tanvir) asking for repayment in cash of half of the more than Tk 26 billion in 15 days," said Humayun.
It means Hallmark will be required to pay over Tk 13.34 billion in cash in the stipulated time.