A Dhaka court yesterday issued two arrest warrants against Regent Group Chairman Shahed Karim in connection with two cases filed over embezzling Tk 3.68 crore of a businessman.

Shahed, AKA Mohammad Shahed, went into hiding after a mobile court of Rab on July 7 sealed off Regent Hospital in the capital's Uttara in connection with issuing several thousand fake Covid-19 test reports.

Dhaka Metropolitan Magistrate Md Moinul Islam yesterday passed the order after Saifullah Masud, proprietor of M/S Masud Enterprise in Karwanbazar, lodged the cases with the court.

The magistrate directed the officer-in-charge of Uttara Paschim Police Station to submit by August 13 the report on execution of arrest warrants.

In the first case, Saifullah told the court that Shahed bought iron rods and cement from his shop worth Tk 1 crore between January 18 and March 24 in 2018.

Against the dues, Shahed issued four cheques to Saifullah but told him not to cash those without his permission.

On June 25 this year, Saifullah requested Shahed to pay his dues. But Shahed threatened him with dire consequences if he demanded the money.

In the second case, the plaintiff said he supplied iron rods and cement worth Tk 2.68 crore to Shahed between 2018 and March this year. 

When Saifullah asked for the money over phone on July 8, Shahed refused to pay.

He lodged a general diary with Uttara Paschim Police Station on the same day.

On June 3 this year, Saifullah complained to the home ministry in this regard.

In another development, a case was filed against Shahed with Double Mooring Police Station in Chattogram over embezzlement of Tk 91.25 lakh from a business house.