3 oil co high-ups jailed for 1 year for bounced cheque

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UNB, Chattogram :
A court here on Thursday sentenced three top officials of a vegetable oil company to one year’s imprisonment in a cheque dishonour case.
It also fined the convicts-Managing Director of Rubaiya Vegetable Oil Industry Ltd Harun-or-Rashid, his wife and company chairman Anjuman Ara and director and their son Hasnain Harun-around Tk 10 crore. They were tried in absentia.
The convicts had turned defaulters as they did not return the loan they took from the Agrabad branch of Islami Bank Bangladesh
Limited, said bank’s counsel AM Zia Habib Ahsan.
They gave the bank a cheque for Tk 96,654,187, which bounced.
Senior officer Mohammad Forkan of the branch filed a case against the company’s top officials with the Chief Metropolitan Magistrate court on August 30, 2012.
Later, the case was transferred to the Joint Metropolitan Session Judge Court-7.
The charges were framed against the convicts under sections 138/140 of Negotiable Instruments Act.
After examining the records and witnesses, Judge Jesmin Akhter Koly handed down the verdict.
Earlier on June 4 last year, the trio was sentenced to one year’s imprisonment in two more cheque dishonour cases. The court had also fined them Tk 9.43 crore in the cases.
According to the prosecution, the convicts provided two cheques for Tk 9.43 crore to one Yeakub Ali for purchasing iron rod which bounced.
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