Arrest warrant for Bashundhara chief

A Dhaka magistrate on Wednesday issued arrest warrants for Bashundhara Group chairman Ahmed Akbar Sobhan alias Shah Alam and two others for allegedly embezzling money taken for selling plots.

bdnews24.com
Published : 25 April 2012, 04:54 AM
Updated : 25 April 2012, 04:54 AM
Dhaka, Apr 25 (bdnews24.com) – A Dhaka magistrate on Wednesday issued arrest warrants for Bashundhara Group chairman Ahmed Akbar Sobhan alias Shah Alam and two others for allegedly embezzling money taken for selling plots.
Muhammad Shamsul Islam of the court of Dhaka Metropolitan Magistrate's Court issued the order as the defendants failed to appear in court.
The other two are the Bashundhara Group director Sadat Sobhan and vice chairman Mahbub Morshed Hasan.
Ahmed Akbar Sobhan is also the chairman of East West Property Development (Pvt.) Limited which is a concern of the Bashundhara Group.
Last year, on Dec 18, the North South University chairman Muhammad Shahjahan filed a fraud case against four people accusing them of embezzling money they had taken for selling plots to the plaintiff.
On Feb 20, the court ordered the defendants to appear in court on Wednesday (Apr 25).
However, on Wednesday, only the deputy managing director of the East West Property, Mohammad Touhidul Islam, appeared in the magistrate court and appealed for bail.
After a hearing, the court granted Islam bail until July 2 and issued arrest warrants for the other three defendants.
According to case details, the plaintiff had paid around Tk 26.3 million from Aug 15, 2007 to Feb 25, 2008 for buying two five-kantha plots in the company's Bashundhara-Baridhara project's Block 'A'. Shahjahan was given the papers of the plots and final allocation after that.
Shahjahan alleged that the defendants demanded another Tk 20 million more from him. When he refused to pay up the amount, Bashundhara group authorities cancelled his allotted plots and even refused to give back the money the defendants had taken from Shahjahan.
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