Inquiry on financial irregularity: Travel ban on Uttara Finance chairman, 8 others
A Dhaka court today issued a travel ban on nine people, including chairman of Uttara Finance and Investments Limited, in connection with an inquiry brought against them over financial irregularities.
Former managing director of Uttara Finance and Investments Ltd SM Shamsul Arefin, its Chairman Rashidul Hasan, Vice-Chairman Matiur Rahman, Vice-President and Head of Treasury Mohammad Mainuddin, Director of Uttara Apparels Mujibur Rahman and an employee, Anil Chandra Das, are among the people facing the travel ban.
Judge Md Asaduzzaman of Dhaka Metropolitan Senior Special Judge's Court passed the order after Ahsanul Kabir Palash, deputy director of the Anti-Corruption Commission, and head of the Inquiry team, submitted an application seeking travel ban on them.
In the application, the IO said an inquiry was going on against them over financial irregularities and there is a chance that they might leave the country to evade interrogation.
After the hearing, the judge directed the ACC to send the order sheet to the chief of Special Branch (Immigration) to take further steps in this regard, said an official of ACC posted at the Chief Metropolitan Magistrate's Court of Dhaka.
Earlier on June 23 this year, the Bangladesh Bank removed SM Shamsul Arefin from the post of managing director of Uttara Finance and Investments Ltd (UFIL), a non-bank financial institution, for his alleged involvement in financial irregularities.
The central bank also ordered the NBFI to take legal actions against Arefin for the irregularities unearthed by the audit firm.
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