Dhaka, Jan. 25 -- The scam-hit People's Leasing and Financial Services Ltd (PLFSL) has sought financial support from the government to help the non-bank financial institution run operations at full capacity.

Hasan Shaheed Ferdous, the court-appointed chairman of the institution, also sought government intervention in addressing problems, including acute capital crunch.

To this end, he sent a letter to the Financial Institutions Division under the Ministry of Finance on January 18.

When contacted, he said, "A cash infusion is the lifeblood required to revive the fortunes of PLSFL. We need around Tk 5.0 billion in this connection."

An injection of capital would enable the firm to restore its position of strength and stability with due d...