PLFSL management meets depositors’ council
People's Leasing and Financial Services Limited (PLFSL) convened a meeting with members of the Depositors' Council and their representatives on 8 April 2026 at its head office in Purana Paltan, Dhaka, to review the company's ongoing recovery and outline its future strategy.
Chairman Hasan Shaheed Ferdous opened the meeting by acknowledging the Depositors' Council's ongoing engagement and support.
Ferdous outlined PLFSL's progress in complying with court directives, noting several key initiatives: continuation of limited business operations, successful completion of seven overdue annual general meetings, and special audits by court-appointed firms, including MABs & J Partners Chartered Accountants, to identify financial irregularities. He also emphasised ongoing recovery efforts and gradual repayment of depositors on humanitarian grounds.
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He reported that approximately 1,000 depositors have been fully repaid, with partial payments of around 20% made to others. Disbursement of a further 10%—the third instalment—has recently commenced.
In conclusion, Ferdous called for the Depositors' Council's continued cooperation to facilitate recovery efforts, advocate for government support, and explore new funding avenues under the court-supervised restructuring process.
The meeting was attended by Court-appointed Chairman Hasan Shaheed Ferdous, Managing Director Md Sagir Hossain Khan, President of the Depositors' Council Atiqur Rahman Atiq, Adviser Abdul Ahad, a retired major general, Adviser Humayan Kamal, Advocate Ibrahim Molla, Major Kamrul Islam, Md Fariduzzaman, Md Kabir Khan, and eight other depositors.
