Police have arrested Zahir Ahmed Ratan, the managing director (MD) of the much-talked-about Nurjahan Group, from the capital’s Badda area.
There are several cases filed against Ratan, who is one of the top loan defaulters in the country, police said.
SM Obaidul Hoque, officer-in-charge of Kotwali police station in Chittagong, confirmed the matter to the media and said his team arrested Zahir from Badda area of the capital on Thursday.
“He is being transported to Chittagong,” said the police officer.
According to sources at the Money Loan Court in Chittagong, the arrestee has defaulted on loans amounting to Tk6,000 crore.
Ratan had a consumer goods business in Khatunganj, the port city. He took these loans in 2011 and 2012. However, he did not pay back the amounts taken from several banks, including Agrani Bank, Janata Bank, Commerce Bank, and South East Bank.
According to sources, there are at least 20 cases filed against him. The court issued an arrest warrant against Zahir and put restrictions on his departure from the country.
