Dandy Dyeing loan: Court order on charge-framing June 25

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Court Correspondent :
A Dhaka court on Wednesday fixed June 25 to decide whether it would frame charges against
 11 directors of Dandy Dyeing Limited, including BNP Senior Vice-Chairman Tarique Rahman and his younger brother Arafat Rahman Koko, both are now abroad, on charge of defaulting Sonali Bank’s loan accumulated to Tk 45.49 crore.
The other accused in the case are Shams Iskander, Shafin Iskander, Sumaiya Iskander, Nasrin Ahmed, Tarique’s known business
associate Gias Uddin Al Mamun, Mamun’s wife Shahina Begum, Gazi Galib Abdus Sattar, Shamsun Nahar and Masud Hassan.
Judge Mohammad Rabiuzzaman of the Ortho Rin Adalat-1 (Money Loan Court-1) of Dhaka set the date after conclusion of hearing on behalf of both sides on the issue.
Nazrul Islam, Senior Executive Officer of local branch of Sonali Bank, on October 2, 2012, filed the case with the Ortha Rin Adalat (Money Loan Court) for default of loan amounting Tk 45.59 crore.
According to the case, during the BNP rule in 1992, Dandy Dyeing Limited started its operation with a capital of Tk 3 crore. The following year it took bank loan of Tk 13.14 crore from the bank. Later, in 1996, Sonali Bank Limited further sanctioned loan which accumulated to Tk 42.70 crore.
Meanwhile, in 2001, the Sonali Bank authorities had written off the interest accrued on the loan amounting to Tk 12.16 crore.
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