The Chattogram Money Loan Court docket has issued arrest warrants against 5 administrators of Messrs Elias Brothers Restricted in connection with a Tk668 crore mortgage default case.
The scream used to be handed by Select Mujahidur Rahman on Thursday (3 October), in a case filed by Agrani Bank Restricted in 2012.
The accused are Chairman Nurul Absar, Managing Director Mohammad Shamsul Alam, and Directors Nurul Alam, Joynab Begum, and Kamrunnahar Begum, the courtroom’s bench assistant Rezaul Karim confirmed the topic to The Enterprise Customary.
Essentially based entirely on courtroom sources, Agrani Bank’s Agrabad Corporate division at the origin filed the case in 2012 with the Chattogram Money Loan Court docket to recuperate Tk378.33 crore from the defaulters and secured a courtroom decree in that regard.
In 2015, the financial institution filed an Artha Jari case to implement the decree, seeking the realisation of the decreed quantity along with ardour. The next 365 days, in 2016, the financial institution petitioned for an arrest scream against the debtors.
After listening to from every events, the courtroom gave the accused 20 days to repay the mortgage. Nonetheless, the accused filed a writ petition in the Excessive Court docket against the scream. On June 6, 2017, the Excessive Court docket at the origin stayed the case for six months and later prolonged the take care of for one 365 days. No further take care of orders were issued by the Excessive Court docket after that.
Therefore, Agrani Bank filed one more petition seeking an arrest scream to recuperate Tk 668 crore, which includes the long-established decreed quantity plus ardour. On July 26, 2022, the courtroom sentenced Elias Brothers’ MD Shamsul Alam, Chairman Nurul Absar, and Director Nurul Alam to 5 months in penal complex. Nonetheless, on August 29, 2022, a Excessive Court docket bench stayed the sentence in response to a writ petition from the defendants.
On 24 April, 2024, the identical Excessive Court docket bench vacated the writ petition. Following this, the financial institution authorities filed an software on 25 Would possibly possibly possibly per chance additionally simply this 365 days, seeking arrest warrants for the accused.
