PK Halder, who had misappropriated Tk 35 billion (Tk 3500 crore), was arrested on 14 May in Kolkata. Five other persons were also arrested on that day by the Indian intelligence agency, Enforcement Directorate (ED).
ED took them on remand twice, for 14 days in total. Five of them, including a woman, were charged for smuggling money into India from Bangladesh through the 'hawala' system.
PK Halder and his associates invested these funds in various businesses and purchased property in West Bengal. ED appealed to the court to put the accused on a 14-day remand. The court granted them remand till 7 June.