Proceedings against Mahmudur stayed
The High Court yesterday stayed for three months the proceedings against former managing director of Shine Pukur Holdings Ltd Mahmudur Rahman in a Tk 118 crore embezzlement case.
An HC bench of Justice Sharif Uddin Chaklader and Justice Md Emdadul Haque Azad also issued a rule upon the government to show cause within four weeks why the proceedings of the case against him should not be quashed.
The rule came following a petition filed by Mahmudur Rahman recently. The hearing of the petition was held yesterday.
Assistant Director of the Anti-Corruption Commission (ACC) Muhammad Mahbubul Alam filed the case with Motijheel Police Station on September 30 last year against Mahmudur Rahman, Shinepukur Holdings Chairman Sohel F Rahman, Vice Chairman Salman F Rahman and several others.
On June 16, the ACC sent the sanction letter for submission of the charge sheet to the Chief Metropolitan Magistrate's (CMM) Court of Dhaka.
The other accused in the case are former director of Shine Pukur Holdings Ltd Iqbal Ahmed, former general manager of Sonali Bank Sheikh Amin Uddin Ahmed, the bank's Deputy General Managers Abu Taher and Abu Saleh Mohammad Nurul Haque. Abu Saleh's name was later included in the charge sheet as his involvement with corruption was discovered during the investigation.
The case said the accused embezzled Tk 108 crore in capital and interest from the Dhaka local office of Sonali Bank through a consortium, Shine Pukur Holdings Ltd, using fake documents.
The case also mentioned that principal accused Mahmudur Rahman drew Tk 60 crore of the loan sometime between August 13, 1998 and February 16, 1999.
During the investigation, ACC Assistant Director Amirul Islam, also the investigation officer (IO), found the involvement of the accused in embezzling Tk 118 crore and submitted the probe report to the authorities concerned for approval.