MP Shawkat’s bank loan scam: HC order stayed

Staff Correspondent: The Appellate Division has stayed a High Court (HC) order for two weeks, regarding a bank loan scam case of Jatiya Party MP Shawkat Chowdhury.

A four-member bench headed by acting Chief Justice (CJ) Md Abdul Wahhab Miah passed the order on Sunday. 

Earlier, the High Court (HC) directed Jatiya Party MP Shawkat Chowdhury to pay Tk 25 crore to Bangladesh Commerce Bank Limited within 50 days in connection with two loan scam cases involving Tk 94 crore.

If the MP does not pay the amount in 50 days after receiving the order, his bail in the relevant loan scam cases will automatically be cancelled, the HC said in a verdict.

The Anti-Corruption Commission (ACC) filed the two cases with Bangshal Police Station in Dhaka on May 8 and 10 last year, accusing Shawkat Chowdhury, a Jatiya Party lawmaker from Nilphamari-4, the then Managing Director of Bangladesh Commerce Bank Md Asaduzzaman and its the then Manager of Bangshal Branch Habibul Gani and six others.

The case statements say, Shawkat, 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 31 letters of credit between December 2012 and March 2015.
Shawkat obtained bail from the lower court on September 8 and October 4 last year.


risingbd/Dhaka/Oct 29, 2017/Mehadi/Mukul