People's Leasing And Financial Services Limited

News




Date : 2025-11-02

People’s Leasing and Financial Services Limited (PLFS) is a Finance Company regulated by Bangladesh Bank. The company is undergoing reconstruction process by the order of the Honorable High Court Division of the Supreme Court.

We are seeking for Expression of Interest from reputed Chartered Accountant (CA) Firm for conducting audit of both the entities on the transactions incurred between Parent Company (People’s Leasing And Financial Services Limited-PLFSL) and its subsidiary (PLFS Investment Ltd.) from 2009 to 2019.

Purpose of the audit:  To ascertain actual claims and counterclaims between the two companies by identifying and confirming the amount of about Tk.105 Cr which was disbursed by PLFSL to PLFS Investment Ltd during the said period as a loan for doing share business.

Scope of audit: As per audit plan of CA Firm.

Interested Chartered Accountant (CA)  Firms are requested to submit Expression of Interest (EOI) to People’s Leasing and Financial Services Limited (PLFSL), Paramount Heights, Level-12, 65/2/1, Box Culvert Road, Purana Paltan, Dhaka-1000, Bangladesh by November 15, 2025.

 

For further detail pleases visit www.plfsbd.com

 

Date : 2025-09-07

The Honorable High Court Company Bench has directed the four (04) former Directors and other defaulter borrowers to pay the outstanding loan liabilities to People’s Leasing and Financial Services Ltd. within six months. The total dues to them are Tk. 2,800 crore as per the report of the Forensic Audit conducted by MABS & J Partners Chartered Accountants, among which Tk. 1,450 crore is owed to four (04) former Directors. We are in the recovery process of these assets.

Date : 2025-02-24

NOTIFICATION FOR THE DEPOSITORS FOR PAYMENT ON EXTREME NECESSITY

In order to comply the Court’s Order to make payment to the Depositors on the basis of Extreme Necessity, we are seeking applications in white paper addressing to Managing Director supported by the valid documents from the eligible Depositors within March 3, 2025.

Eligibility Criteria to get payment under "Extreme Necessity"

Depositors must meet one or more of the following· criteria to be considered for this special payment:

✓       Severe Financial Distress.

✓       Death of Depositor.

✓       Wedding/Marriage of Daughter.

✓       Loss of Job.

✓       Accidental Damage/Injury.

✓       Extreme Old Age Citizen.

✓       Educational Expenses of Poor Families.

✓       Massive Loss in Small Business.

✓       Coverage of Treatment Expenses for Fatal Diseases.