• Friday, Oct 02, 2020
  • Last Update : 12:21 am

Crest Securities Director Oahiduzzaman put on 2-day remand

  • Published at 10:15 pm July 29th, 2020
Web_Remand-remanded
Representational photo

Oahiduzzaman was arrested in the capital’s Khilket area on Tuesday

A virtual Dhaka court has placed Oahiduzzaman, a director of Crest Securities Ltd, on a two-day remand in a case filed over embezzlement of shares and money belonging to stock investors.

Metropolitan Magistrate Md Atiqul Islam passed the order on Wednesday.

Earlier in the day, Mohammad Hassan, an inspector at Detective Branch (DB) of police, pleaded for a 10-day remand. Defence lawyers submitted a petition seeking bail and cancellation of the remand prayer.

After hearing both parties, the magistrate issued the remand order.

Earlier on Tuesday, DB police arrested Oahiduzzaman in the capital’s Khilkhet area.

On June 23, Crest Securities Limited, a corporate member and stock brokerage house of Dhaka Stock Exchange (DSE), shut down its head office and all other branches without any prior notice.

Following the closure, the organization’s Managing Director and other officials went into hiding.

On July 6, police arrested Crest Securities’ Managing Director Md Shahid Ullah, his wife Nipa Sultana and two others, over embezzlement of shares and money belonging to stock investors through his brokerage houses.

It was revealed on July 7 that the stock brokerage house had embezzled Tk48 crore from investors and creditors.

52
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail