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5 December, 2017 08:17:14 AM
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JP lawmaker Shawkat must pay Tk 5cr to retain bail: SC

Staff Reporter
JP lawmaker Shawkat must pay Tk 5cr to retain bail: SC
File Photo

The Appellate Division of the Supreme Court yesterday directed Jatiya Party lawmaker Shawkat Chowdhury to return Tk 5 crore to Bangladesh Commerce Bank Ltd (BCBL) within 60 days in connection with two loan scam cases involving Tk 94 crore.

A five-member bench of the Appellate Division headed by Justice Md Abdul Wahhab Miah, who is carrying out responsibilities of the chief justice, passed the order after modifying a High Court (HC) directive.

Earlier, on October 22, the HC bench of Justice M Enayetur Rahim and Justice Shahidul Karim directed lawmaker Chowdhury to pay Tk 25 crore to the BCBL within 50 days in connection with the cases.

In its order, the Appellate Division said that if Chowdhury fails to return the money within the stipulated time, his bail in the loan scam cases would be cancelled.

The apex court came up with the order after hearing two petitions filed by Chowdhury seeking extension of a stay order on the HC directive. Anti Corruption Commission (ACC) sought cancellation of the stay order.

Advocate Khurshid Alam Khan, counsel for the Anti-Corruption Commission (ACC), told reporters that Shawkat Chowdhury has to pay Tk five crore in two months after receiving the Supreme Court order. Otherwise his bail will be cancelled, he added.

In August last year, Chowdhury secured a four-week anticipatory bail from the HC. He later surrendered to the trial court and was granted bail.

In failure to comply within 50 days after receiving the order, Shawkat's bail in the cases, filed over misappropriation of Tk 94 crore as loan from the bank, will automatically be cancelled, the HC said in the order.  

On October 22, the HC directed Shawkat to pay Tk 25 crore to BCBL in 50 days.

On May 8 and 10 last year, the ACC filed two cases with Bangshal police station against Shawkat Chowdhury, lawmaker from Nilphamari-4, Md Asaduzzaman, the then managing director of BCBL, Habibul Gani, the then manager of BCBL Bangshal branch and six others. 

The case statements say Chowdhury, also managing director of M/S Jamuna Agro Chemical Ltd, allegedly misappropriated Tk 94 crore from the branch in collusion with the other accused through 37 letters of credit between December 2012 and March 2015.

Chowdhury secured bail from the lower court on September 8 and October 4 last year.

KK

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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