Court Correspondent :
The Senior Judge Court of Dhaka yesterday (Tuesday) rejected the bail petition of Mahbubul Haque Chisti (Babul Chisti), former Chairman of the Audit Committee of the Farmers Bank.
Advocate Kazi Nazibullah Hiro conducted the hearing on behalf of Babul Chisti, while the Anti Corruption Commission (ACC) Prosecutor Abul Hossain opposed the bail plea.
Judge Kamrul Hossain Mollah of the court passed the order after hearing.
On April 10, ACC arrested Babul Chisti from Segunbagicha area of the capital. Earlier, they filed the case with Gulshan Police Station of the city. Before that, on April 3, the ACC imposed ban on 17 person’s foreign travel, including Babul Chisti and his wife.
On June 3, 2013, the business activities of bank began as a fourth generation bank. Last year, the bank disbursed loan amounting to Tk 1 thousand 839 crore 79 lakh. As of December 31, 2016, the bank disbursed a total of Tk 4 thousand and 413 crore 38 lakh.
The accused have been charged of transacting Tk 160 crore through their 25 accounts violating bank rules and misusing their positions as bank officials.
