Arrest warrant for owners of Baghdad Group for embezzling Tk 10 crore
A Chattogram court has issued arrest warrants for four owners of the Messrs Baghdad Group for embezzling around Tk 10 crore from the Agrabad branch of Eastern Bank Limited.
Chattogram Money Loan Court Magistrate Mujahidur Rahman issued the order today for Baghdad Group's managing director, chairman and two directors.
Bench Assistant of the Court Rezaul Karim told The Daily Star that Baghdad Group took Tk 9.85 crore in loans from the bank but did not repay the loan despite issuing several notices by the bank authorities.
So today the money loan court gave an order in favour of the bank, he said.
In 2013, the bank authorities moved to the Chattogram Money Loan Court seeking loan recovery from Baghdad Group.