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About: Bangladesh Industrial Finance Company Limited     Goto   Sponge   NotDistinct   Permalink

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Type: Thingschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398Organizationorganisation New Facet based on Instances of this Class

Bangladesh Industrial Finance Company Limited is a major non-bank financial institution in Bangladesh. Moyeenul Islam Chowdhury is the chairman of the Bangladesh Industrial Finance Company Limited. The company was in financial troubles due to embezzlement by former chairman Abdul Mannan. The company has given large loans that are none performing to Sunman Group subsidiaries, owned by Abdul Mannan. It is listed on the Dhaka Stock Exchange. Bangladesh Industrial Finance Company Limited was one of four financial institutions targeted by Proshanta Kumar Halder; the others were People's Leasing and Financial Service Limited, FAS Finance and Investment Limited, and Reliance Finance Limited.