HC rejects Shah Alam’s plea for quashing embezzlement case

Staff Correspondent

The High Court on Thursday rejected a petition the Bashundhara Group chairman, Ahmed Akbar Sobhan, also known as Shah Alam, filed seeking to be quashed a case filed against him and five others of his company on charges of embezzling Tk 3.95 crore by not handing over plots to buyers.
Justice Md Nizamul Huq pronounced the verdict after discharging a High Court rule issued in July 2012 in response to Shah Alam’s petition.
Additional attorney general Md Momtaz Uddin Fakir told New Age that Shah Alam would need to surrender in a lower court after the High Court order as the period of his pre-arrest bail had expired. There is no bar on the resumption of the trial of the case.
Shah Alam on July 8, 2012 obtained bail for four months from the High Court in the case. On the day, the court also stayed the proceedings of the case asking the government to explain proceedings legality.
The then director of the Bangladesh Textile Mills Association Selim Ahmed on December 27, 2011 filed a complaint with the chief metropolitan magistrate’s court alleging that he had bought three five-katha plots from the company’s Baridhara project in 2007 for Tk 3 crore.
On October 30, 2008, the company refused to hand over the land or return the money and told him that he could get the plots only after paying the additional amount, Selim alleged.

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