NRB Bank loan: no rules for Shahed
You’ve probably heard of people getting caught up in the web of complicated banking procedures to secure loans. But have you ever heard of senior bank executives offering recommendations for sanctioning a loan to a newbie businessman without an account or transaction record with the same bank?
Regent Hospital President Mohammad Shahed made this possible in 2014 when NRB Bank approved him a loan of over Tk 2 crore, according to the Anti-Corruption Commission (ACC).
Without depositing any money, Shahed, on behalf of Regent Hospital, opened a checking account with the SME department of the private bank on November 17 of the same year.
Shahed, who was arrested by Rab last week for a Covid-19 test report scam, had no history of dealing with the bank. NRB also did not verify its transaction records with other banks. The bank also did not take enough collateral for the loan, ACC officials said.
Despite all this, a former vice-president of the SME department and former chief executive of the bank recommended that he sanction the loan on November 16, the day before the account was opened, according to the anti-graft watchdog.
The two officials are charged in two corruption cases filed by the ACC last year. The former vice president of NRB Bank is now the head of a department at another private bank, sources told ACC.
The Daily Star was unable to reach relevant NRB Bank officials for comment on the matter. He does not publish the names of the two officials in question because they could not be contacted either.
In accordance with the terms and conditions of the loan, Shahed maintained an FDR valued at Tk 1 crore. Against the FRD, however, he benefited from a loan of Tk 2 04 90 987 between November 2014 and January 15, 2018, ACC sources said.
Shahed would not have repaid the installments on time. He owed the bank an additional 65.79 lakh Tk in interest and other charges.
The bank then adjusted the loan with its FDR and deposited interest worth Tk 1.18 crore. Until that date, the bank was unable to recover the remainder of Tk’s 1.51 crore, ACC sources said.
ACC deputy director Sirajul Hoque will soon file a complaint about the matter, the sources confirmed.
In another development, the Home Office tasked Rab to investigate the coronavirus test report scam, force officials said.
Speaking to the Daily Star, Lt. Col. Ashique Billah, Rab’s director (legal and media), said they had asked the ministry to allow them to conduct the investigation and had obtained approval.
“We will now appoint an investigative officer to investigate the case,” he said.
On July 7, a mobile court cordoned off the Regent Hospital, owned by Shahed, in the capital’s Uttara, accused of issuing several thousand fake Covid-19 test certificates and defrauding a huge sum of money. ‘money.
ADVOCACY TO SHAHED SHOW
HELD IN CASES OF GRAFTS
The prosecution pleaded before the Dhaka-23 Metropolitan Court of First Instance yesterday to show that Shahed was arrested in two cases filed for embezzling more than Tk 3.68 crore from a businessman.
Monir Hossain, a lawyer for the plaintiff, also called on the court to order that Shahed be brought before him at the next hearing on August 13.
The lawyer told the court that Shahed was arrested in Satkhira on July 15 as he tried to flee the country on a boat. He was later remanded in custody for 10 days in a case filed for issuing false Covid-19 certificates.
After the hearing, Dhaka Metropolitan Magistrate Md Habibur Rahman Chowdhury asked the lawyer to give details of when Shahed was arrested and where he is now.
The court will issue an order on the case once the lawyer submits the information, court sources said.
On July 13, Saifullah Masud, owner of M / S Masud Enterprize in Karwan Bazar, filed a complaint against Shahed for his alleged involvement in the embezzlement.
On the same day, another magistrate issued arrest warrants against Shahed and ordered the head of the Uttara Pashchim police station to submit a report on the execution of the warrants by August 13.
In the first case, Saifullah told the court that Shahed bought iron bars and cement from his store worth Tk 1 crore between January 18 and March 24, 2018. Against the dues, Shahed issued four checks to Saifullah, but told him not to cash these. without his permission.
On June 25 of this year, Saifullah asked Shahed to pay his membership fee. But Shahed threatened him with dire consequences if he demanded money, Saifullah said.
In the second case, the complainant said he supplied Shahed with iron bars and cement worth Tk 2.68 crore between 2018 and March of this year.
When Saifullah asked for the money over the phone on July 8, Shahed refused to pay. He filed a general diary at Uttara Pashchim Police Station the same day on this matter.
On June 3, Saifullah filed a complaint with the Interior Ministry in this regard.