Alarm bells were raised when PK Halder and his associates laundered around Tk 174 crore from a financial institution in 2016 by setting up companies that existed only on paper.

An Indian court today placed PK Halder on a 10-day remand in a money laundering case.

Officials of India’s Enforcement Directorate, probing the money laundering case against Proshanta Kumar Halder – better known as PK Halder – would ascertain if he took the help of local influentials to settle down in Ashoknagar, West Bengal, after sneaking in from Bangladesh.