Shafiqul was summoned by the bench on Tuesday for not complying with its 2017 directive regarding non-payment of Fixed Deposit Receipt (FDR) money of Tk51 lakh of an onion trader
A High Court division bench on Tuesday has instructed the police to arrest Shafiqul Alam, managing director of Jamuna Bank Ltd, if he fails to show up in court on February 12.
Justice Mamnoon Rahman and Justice Ashish Ranjan Das passed the order for the officer-in-charge of the Motijheel Police Station.
Shafiqul was summoned by the bench on Tuesday for not complying with its 2017 directive regarding non-payment of Fixed Deposit Receipt (FDR) money of Tk51 lakh of an onion trader.
Advocates ABM Altaf Hossain and Shuvrojit Banerjee represented the complainant, as Habibul Islam Bhuiyan was the legal counsel for the Jamuna Bank MD
Advocate Shamim Khaled Ahmed represented Bangladesh Bank.
Altaf later told reporters that Shafiqul’s lawyers sought for a fresh date as he was out of the country.
“We argued that no travel documents were presented to the court in this regard,” he added.
The High Court last week had summoned MD Shafiqul following a petition filed by AIM Hasanul Mujib, a businessman.
Mujib had previously presented an FDR made by one Talebur Nur, an onion trader, at Jamuna Bank’s Nawabpur branch in 2005.
Talebur had given a power-of-attorney to Mujib, after the deposit had matured.
The bank did not release the FDR money to Mujib, due to undisclosed reasons.
He later approached the central bank, but to no avail as well.
Mujib the businessman filed a writ petition with the High Court against the concerned authorities of the bank and the central bank, after which the court on February 12, 2017 had directed the bank to pay Tk51 lakh to Mujib within 30 days.
The Supreme Court's Appellate Division also upheld the HC verdict, but the bank is yet to release the said amount.