Dhaka, Jan 27 (V7N) — Former Bangladesh Bank Deputy Governor Sitanshu Kumar (SK) Sur has been arrested in connection with the Hallmark loan scam case, which involves charges of money laundering. The case was filed by the Anti-Corruption Commission (ACC) seven years ago, following one of the largest financial frauds in the country's history.

On Monday, Dhaka Metropolitan Magistrate Partha Bhadra ordered SK Sur's arrest after an application was submitted by the investigation agency, the Criminal Investigation Department (CID). The arrest follows an application from the CID's Financial Crime Unit, led by Inspector Sayedur Rahman, who sought to show Sur arrested in the ongoing case.

SK Sur was brought to court from jail earlier in the day, and the court issued the order to send him back to jail after the arrest was made official.

The Hallmark scam, which occurred during Sur's tenure as Deputy Governor of Bangladesh Bank, involved a massive loan fraud orchestrated at the state-owned Sonali Bank, where Hallmark Group embezzled significant funds, resulting in a major financial scandal.

The case continues to unfold as authorities investigate those involved in the scam.

END/MSS/AJ