A Chattogram court docket has served a recount-trigger scrutinize on the Unbiased and Recovery Division chief of AB Monetary institution for negligence in recovery of default loans to the tune of Tk1,257 crore from an entrepreneur in the port city’s ship-breaking alternate.
For the length of a hearing this day in a case filed in opposition to the entrepreneur, Ashikur Rahman Laskar, who’s at the moment residing in Canada, Determine Mujahidur Rahman of Chattogram Artho Rin Adalat (money mortgage court docket) asked the AB Monetary institution respectable to expose why factual action wouldn’t be taken in opposition to him for his negligence in recovery of the loans from Ashikur.
Confirming the matter, Bench Assistant of the court docket Rezaul Karim told The Enterprise Normal the Agrabad department AB Monetary institution filed the case in opposition to Ashikur Rahman on 18 June final one year for defaulting on Tk1,126 crore mortgage.
The court docket attributable to this truth summoned Ashikur to appear and ordered to repay the loans. Nonetheless, he didn’t modify to the directives.
As per piece 33 (1) of the Artho Rin Adalat Ain, the monetary institution may perhaps presumably well no longer steal steps to promote the property mortgaged in opposition to the mortgage.
As per files from AB Monetary institution, Ashikur Rahman, who traded in the shipbreaking alternate below the name of Maheen Enterprise, today owes Tk1,257 crore to AB Monetary institution, in conjunction with passion.
On 6 March 2023, Ashikur left the nation without repaying the debt of no less than Tk2,000 crores to no less than 10 banks and monetary institutions. He is at the moment residing in Toronto, Canada.
As per AB Monetary institution files, Ashikur bought the first mortgage from AB Monetary institution Agrabad department in 2004. After that, from 2007-08 onwards, he continuously started eradicating huge amounts of loans from the monetary institution.
Being a friend of Faisal Morshed, son of BNP leader and entrepreneur director of the monetary institution, Ashikur managed to salvage the big loans with ease.
No matter being a defaulter, he secured one other mortgage amounting to Tk133 crore in 2020 for the explanation of importing scrap ships, leveraging his influence.
The monetary institution, however, didn’t steal any step in opposition to him.
As well, Ashkiur at the moment owes Tk185 crore to Dhaka Monetary institution, Tk175 crore to National Monetary institution, Tk100 crore to Mercantile Monetary institution, Tk100 crore to Agrani Monetary institution, Tk72 crore to Finix Finance, Tk29 crore to Premier Monetary institution, Tk24 crore to IFIC Monetary institution, Tk19 crore to Fareast Finance and Investment Ltd and Tk12 crore to Meridian Finance and Investment Ltd.
He bought the loans below the names of Maheen Enterprise, Maheen Enterprise Ltd, MRL Shipbreaking Ltd and ARL Clothes.
In line with the concerned monetary institution officers, Ashikur took fair appropriate thing about his connections and influence in the shipbreaking alternate to salvage the huge quantity of loans.
In 2020, he changed into eradicated from the board of administrators of Meghna Monetary institution for being defaulting on loans.
