Staff Reporter :
The Criminal Investigation Department (CID) is going to submit charge sheet against the Dhaka Regency Hotel and Resorts Ltd for misappropriation of Tk 50 crore.
According to the primary investigation of the CID, the company’s Directors Kabir Reza, Musleh Ahmed and Managing Director Arif Motahar collected the money from the Bangladeshi expatriates in UK through advertising different print and electronic media.
They collected over Tk44 crore from 119 expatriates for making them shareholders of the company but the owners embezzled most of the money and the investors were cheated by them.
The company wanted to invest Tk 100 crore in the share market but the Dhaka Stock Exchange (DSE) had rejected its application due to the unusual price of the company.
Latter, the company had embezzled around Tk 50 crore from the collected money, according to the report.
Saidur Rahman, a Director of the company, told The New Nation, “We have been struggling to get justice since 2014. We have been cheated by the company owners.”
“The investigation work of the case is almost at the ending stage. Hopefully, CID will submit charge sheet very soon and we will get justice,” he said.
He further said, “Around 80-90 minor directors of the company have been cheated by the company owners. Sometimes, they threatened us. So, getting justice, we are now moving courts to courts.”
Enamul Haque, Head of Human Resource Division of the Company, does not want to comment on this issue.
Earlier, Anti-Corruption Commission (ACC) summoned three directors of the company– Kabir Reza and Musleh Ahmed and Managing Director Arif Motahar– for money laundering, embezzlement, extortion, and fraud.
Besides the money embezzlement, the owners of the company is violating police notice and the Department of Narcotics Control (DNC) orders by opening and serving with a full staff, loud music, and a crowd of up to a hundred people drinking up to dusk to midnight, it is alleged.
The Gulshan Division of the Dhaka Metropolitan Police (DMP) had issued a notice in February to the hotel but the instructions were not being followed.
The notice said all the bars in hotels, restaurants, and clubs across the country will have to take permission before arranging a commercial programme.
Rajib Mina, Assistant Director of the Dhaka division (South) of the Narcotics Control Department, said, “we have received several allegations and our concern team already working in its.”
They said the law enforcement agency needs to take steps to ensure a social environment of this area.
