Court Correspondent :
A Dhaka court on Tuesday granted bail to Crescent Group owner MA Kader in four cases.
Dhaka Metropolitan Senior Special Judge KM Emrul Kayes granted the bail to MA Kader, who was in jail custody for a year.
Some lawyers including Hazrat Ali moved a bail petition on behalf of the accused. Meanwhile, Anti-Corruption Commission lawyer told newsmen, the court allowed Kader’s bail after he deposited his passport in the court.
Earlier, on January 31, Kader was produced in the court after he was arrested, when the court rejected his bail plea and he was sent to the jail.
According to the case statements, M/S Crescent Tanneries Limited
belonging to the accused accepted export loan facility of Tk 68,34,95,120. Besides, Lexco Limited took loan facility of Tk 74,38,95,359, Rupali Composite Leather Wire Limited Tk 454,10,87,384 and M/S Crescent Leather Products Limited took Tk 500,69,44,899 as export loan facility. These four business institutions belong to accused MA Kader, and he is the chairman of these companies. It has been alleged the total amount was later laundered abroad.
A Dhaka court on Tuesday granted bail to Crescent Group owner MA Kader in four cases.
Dhaka Metropolitan Senior Special Judge KM Emrul Kayes granted the bail to MA Kader, who was in jail custody for a year.
Some lawyers including Hazrat Ali moved a bail petition on behalf of the accused. Meanwhile, Anti-Corruption Commission lawyer told newsmen, the court allowed Kader’s bail after he deposited his passport in the court.
Earlier, on January 31, Kader was produced in the court after he was arrested, when the court rejected his bail plea and he was sent to the jail.
According to the case statements, M/S Crescent Tanneries Limited
belonging to the accused accepted export loan facility of Tk 68,34,95,120. Besides, Lexco Limited took loan facility of Tk 74,38,95,359, Rupali Composite Leather Wire Limited Tk 454,10,87,384 and M/S Crescent Leather Products Limited took Tk 500,69,44,899 as export loan facility. These four business institutions belong to accused MA Kader, and he is the chairman of these companies. It has been alleged the total amount was later laundered abroad.
