Shahed sent to prison after remand...

Dhaka, Wednesday   25 November 2020

Shahed sent to prison after remand

 Staff Correspondent daily-bangladesh.com

 Published: 06:17 PM, 23 August 2020  

File Photo

File Photo

Regent Group and Regent Hospital Chairman Md. Shahed has been sent to jail after a seven-day remand in charge of embezzling money from Padma Bank (former Farmers Bank).

Dhaka Metropolitan Senior Special Judge KM Imrul Kayesh passed the order on Sunday.

Earlier, Shahed was produced before court after a seven-day remand. The investigating officer requested to keep him in jail till the investigation of the case is completed. Following the appeal, the judge ordered him sent to jail.

On August 10, the court granted Shahed a seven-day remand. He was produced before court on August 20 after four days of seven-day remand. The judge ordered him to appear in court after completing his seven-day remand.

Earlier on July 27, Mohammad Shahjahan Miraj, deputy assistant director of the ACC head office, filed a case against Shahed and four others at the ACC's integrated district office in Dhaka-1. The next day, Dhaka Metropolitan Sessions Judge KM Imrul Kayesh accepted the statement of case and fixed August 16 for submission of report.

The case alleges that between January 11 and 21, 2015, the accused misappropriated money through mutual connivance and embezzled Tk 1 crore (which is Tk 2.71 crore till July 15, including interest) in the name of loan. The accused were charged under Section 409/109 of the Penal Code, Section 5 (2) of the Prevention of Corruption Act, 1947 and Section 4 of the Prevention of Money Laundering Act, 2012.

Others accused in the case are: Mahbubul Haque Chishti, former chairman of the executive/audit committee of the board of directors of Padma Bank, Rashedul Haque Chishti, managing director of Bakshiganj Jute Spinners Limited, and Ibrahim Khalil, managing director of Regent Hospital.

DailyBangladesh/EKD