Dandy Dying faces bank loan default case

Court to order June 25 over charge framing


 A money loan court here on Wednesday set June 25 whether it would indict the 11 directors of Dandy Dyeing Limited, including BNP senior vice-chairman Tarique Rahman and his younger brother Arafat Rahman Koko, both now living abroad, on charge of defaulting state-owned Sonali Bank loan of Tk 45.49 crore.

The other accused are Shams Iskander, Shafin Iskander, Sumaiya Iskander, Nasrin Ahmed, Tarique’s business friend Gias Uddin Al Mamun, Mamun’s wife Shahina Begum, Gazi Galib Abdus Sattar, Shamsun Nahar and Masud Hassan.

Judge M Rabiuzzaman of the Dhaka Money Loan Court-1 fixed the date after concluding the hearing from both sides on the issue.

Nazrul Islam, senior executive officer of a local branch of Sonali Bank, on October 2, 2012, filed the case with the Artha Rin Adalat (Money Loan Court) for default of loan involving Tk 45.59 crore.

According to the case, during the BNP rule in 1992, Dandy Dyeing Limited Company started its operation with a capital of Tk 3 crore. The following year it took bank loan of Tk 13.14 crore.

Later, in 1996, Sonali Bank further sanctioned loan accumulating to Tk 42.70 crore.

Meanwhile, in 2001, the Sonali Bank authorities had written off the interest amount equivalent to Tk 12.16 crore.

Source: UNB Connect

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