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Dhaka Tribune

Exim Bank MD shot, tortured by Sikder Group directors over Tk500 crore loan

The accused are on the run since the May 7 incident, say police

Update : 27 May 2020, 12:34 AM

Two directors of Sikder Group have allegedly tortured and attempted to murder Exim Bank's Managing Director (MD) Md Haider Ali Mia and Additional MD Md Firoz Hossain by shooting them, after they refused to price the formers’ mortgaged property’s value at a higher level for a loan.

The duo was allegedly held against their will and beaten at a house in Dhaka’s Banani area, before they were shot, by Sikder Group Managing Director Ron Haque Sikder and his brother Dipu Haque Sikder on May 7, according to a case statement.

It said Ron and Dipu also forced the Exim Bank officials to sign a blank white paper.

The bank authorities filed the case at Gulshan police station on behalf of Haider Ali over the incident, Dhaka Metropolitan Police’s Gulshan Division Deputy Commissioner (DC) Sujit Kumar Chakrabarty confirmed Dhaka Tribune.

Both Ron and Dipu — sons of Sikder Group Founder and Chairman Zainul Haque Sikder — are on the run since the May 7 incident, said Gulshan police Officer-in-Charge (OC) Md Kamruzzaman.

He said the case was filed on May 19.

Both DC Sujit and OC Kamruzzaman said that efforts were on to arrest the two accused.

Media reports quoting the case details said Haider and Firoz were invited to inspect the Sikder Group directors' mortgaged property against the latters’ proposal for a Tk500 crore loan.

The Exim Bank officials were beaten and shot by Ron and Dipu after they said the property’s mortgage value was less as security than what the brothers were expecting.

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