Misappropriation of Tk 3.68cr: Petitions filed for issuing arrest warrant against Regent Group chairman
The prosecution yesterday submitted two petitions to a Dhaka court for showing Regent Group Chairman Md Shahed Karim arrested in two cases filed over misappropriation of Tk 3.68 crore of a businessman.
Advocate Monir Hossain, a lawyer of the complainant, submitted the petitions to Metropolitan Magistrate Court-23 of Dhaka for showing him arrested in the cases and producing Shahed before it on August 13, the next scheduled date.
The lawyer told the court that Shahed was arrested from Satkhira on July 15 when he was trying to flee the country on a boat. Later, he was placed on a 10-day remand in a case filed over issuing fake Covid-19 results.
After the hearing, Metropolitan Magistrate Md Habibur Rahman Chowdhury asked the lawyer to give details on when Shahed was arrested and where he is now.
The court kept the petitions in the case files and will pass an order on the matters after the lawyers place this information.
On July 13, Saifullah Masud, proprietor of M/S MasudEnterprize in Karwanbazar, filed the cases against Shahed for his alleged involvement with the embezzlement.
The same day, another magistrate issued arrest warrants against Shahed and 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.