AB Bank DMD out on bail hours after arrest in fraud case
Considering the merit of the case, the CMM court has already granted a bail to Abdur Rahman
AB Bank Deputy Managing Director Abdur Rahman was released on bail hours after police arrested him in a fraud case, filed by a loan defaulter, on Tuesday.
The bank authorities said a loan defaulter named Ershad Ali filed the case with the Dhaka Chief Metropolitan Magistrate (CMM) court against Abdur Rahman out of his personal resentment hiding important information, according to an AB Bank official statement released in light of the incident.
The CMM court has already granted a bail to Abdur Rahman, the statement read.
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According to the AB Bank statement, Ershad Ali owes around Tk300 crore to different banks and financial institutions of the country.
Ershad has defaulted on Tk176 crore in loans from AB Bank. In this regard, AB Bank authorities have filed four criminal cases against Ershad.
AB Bank also filed a case with Artha Rin Adalat (money loan court) to retrieve the money, which is now sub judice.
An arrest warrant was issued against Ershad in the AB Bank loan default and fraud case and he is currently out on bail.
Regarding the case filed against the AB Bank DMD, the bank authorities said the motivated behaviour of Ershad is just an attempt to hamper the recovery of money owed by AB Bank.
AB Bank further said that it will take appropriate legal action in this regard.
Earlier on the day, police arrested the bank's DMD in connection with a fraud case. He was nabbed from his Gulshan residence in the capital.
Dhaka Metropolitan Police (DMP) Assistant Commissioner Newton Das (Gulshan zone) confirmed the matter to The Business Standard.
Farid Ahmed Fakir, manager of the branch concerned, has also been accused in the case.
