Staff Reporter :
The Supreme Court on Thursday upheld a High Court order that issued an injunction preventing withdrawal of money by eleven individuals— nine former People’s Leasing and Financial Services Limited (PLFS) directors and two former officials— from their accounts maintained with banks, non-bank financial institutions and cooperative societies.
A six member bench of the Appellate Division of the Supreme Court headed by Chief Justice Syed Mahmud Hossain passed the order after dismissing a leave to appeal petition filed by one of the former directors, Captain M Moazzem Hossain, challenging the High Court order.
Barrister Ajmalul Hossain QC and Advocate Kamrul Hoque Siddiquee appeared in the court on behalf of Captain M Moazzem Hossain while Attorney General Mahbubey Alam and Barrister Tanjibul Alam stood for the Bangladesh Bank.
After the court order Barrister Tanjibul Alam said, “The High Court order will remain in force following the SC order. So the former directors of the People’s Leasing will not be able to sell their property and their bank accounts will be frozen.”
On July 14 this year the High Court bench of Justice Muhammad Khurshid Alam Sarkar issued an injunction preventing withdrawal of money by eleven individuals— nine former People’s Leasing and Financial Services Limited (PLFS) directors and two former officials— from their accounts maintained with banks, non-bank financial institutions and cooperative societies.
The 11 individuals including former PLFS directors M Moazzam Hossain, Nargis Alamin, Humaira Alamin, Arafin Shamsul Alamin, Mohammad Yusuf Ismail, Motiur Rahman, Biswajit Kumar Roy, Khobiruddin Mia and Mohammad Shahidul Haque, and former top executives Kabir Mustaque Ahmed and Nripendra Chandra Pandit would not be able to transfer their moveable and immoveable properties.
The Supreme Court on Thursday upheld a High Court order that issued an injunction preventing withdrawal of money by eleven individuals— nine former People’s Leasing and Financial Services Limited (PLFS) directors and two former officials— from their accounts maintained with banks, non-bank financial institutions and cooperative societies.
A six member bench of the Appellate Division of the Supreme Court headed by Chief Justice Syed Mahmud Hossain passed the order after dismissing a leave to appeal petition filed by one of the former directors, Captain M Moazzem Hossain, challenging the High Court order.
Barrister Ajmalul Hossain QC and Advocate Kamrul Hoque Siddiquee appeared in the court on behalf of Captain M Moazzem Hossain while Attorney General Mahbubey Alam and Barrister Tanjibul Alam stood for the Bangladesh Bank.
After the court order Barrister Tanjibul Alam said, “The High Court order will remain in force following the SC order. So the former directors of the People’s Leasing will not be able to sell their property and their bank accounts will be frozen.”
On July 14 this year the High Court bench of Justice Muhammad Khurshid Alam Sarkar issued an injunction preventing withdrawal of money by eleven individuals— nine former People’s Leasing and Financial Services Limited (PLFS) directors and two former officials— from their accounts maintained with banks, non-bank financial institutions and cooperative societies.
The 11 individuals including former PLFS directors M Moazzam Hossain, Nargis Alamin, Humaira Alamin, Arafin Shamsul Alamin, Mohammad Yusuf Ismail, Motiur Rahman, Biswajit Kumar Roy, Khobiruddin Mia and Mohammad Shahidul Haque, and former top executives Kabir Mustaque Ahmed and Nripendra Chandra Pandit would not be able to transfer their moveable and immoveable properties.
