Shahed sent to jail

A Dhaka court on Sunday sent Regent Group Chairman Md Shahed alias Shahed Karim to jail in a case lodged over alleged embezzlement of Taka 2.71 crore from Padma Bank (then The Farmer’s Bank).

Dhaka Metropolitan Senior Special Judge KM Imrul Qayes passed the order as police produced Shahed before the court after the end of his seven-day remand in the case. In the hearing, Investigation Officer (IO) and Deputy Assistant Director of Anti-Corruption Commission (ACC) Mohammad Shahjahan Miraz pleaded to keep the fraudster behind the bars till the end of the probe in the case.

The same court on August 10 placed Shahed on seven-day remand in the case as the IO pleaded to give the accused on 10-day remand.

The anti-graft body official on July 27 filed the case against four including Shahed and Dhaka Metropolitan Magistrate Court the next day accepted the ejahar and set August 16 for submitting a probe report in the case.

The other accused are former Chairman of Padma Bank audit committee Mahbubul Haque Chishti, Managing Director of Bakshiganj Jute Spinners Limited Rashedul Haque Chishti, Regent Hospital Chairman Md Shahed and its Managing Director Md Ibrahim Khalil.

According to the case documents, the accused through a mutual nexus and misusing their authorities grant, convert and finally embezzled Taka one crore as loan from Padma Bank’s Gulshan Branch from January 11 to 21, 2015 which have become Taka 2.71 crore with interest till July 15, 2020.