A Dhaka court has sentenced former managing director of Global Islami Bank Prashant Kumar Halder alias PK Halder to 22 years imprisonment in two cases filed over embezzlement and money laundering.

Judge Mohammad Nazrul Islam of Dhaka Special Judge Court-10 announced the verdict on Sunday (8 October).

Apart from this, the remaining 13 accused have been sentenced to 7 years in jail.

The other 13 accused in the case are - Lilabati Halder, Purnima Rani Halder, Uttam Kumar Mistry, Amitabh Adhikari, Pritish Kumar Halder, Rajib Som, Subrata Das, Ananga Mohan Roy, Swapan Kumar Mistry, Avantika Baral, Shankha Bepari, Sukumar Mridha and Anindita Mridha. 

Among them, Avantika Baral, Shankha Bepari, Sukumar Mridha and Anindita Mridha are in jail.

Halder, along with five others, were detained in Ashoknagar of the Indian state of West Bengal on the morning of May 14 this year.

On 1 March last year, PK Halder fled Bangladesh through Jashore's Benapole landport.

According to media reports, PK Halder possessed two passports -- one Bangladeshi and the other Canadian -- but he used his Bangladeshi passport to go to India.

In January 2021, the ACC filed five cases against 33 people, including Halder, for allegedly laundering over Tk350 crore of International Leasing and Financial Services Limited (ILFSL).

He had laundered about Tk 80 crore to Canada and amassed about Tk426 crore beyond his known sources of income, the case documents said.