A Dhaka court today placed MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, on a three-day remand in a case filed in connection with laundering Tk 919 crore in foreign currencies.
Metropolitan Magistrate Md Millat Hosen passed the order after Inspector of Customs Intelligence and Investigation Directorate (CIID) Shakera Khatun, also the investigating officer of the case, produced MA Kader before it with a five-day remand prayer.
Meantime, defence lawyer submitted a petition seeking Kader’s bail along with the cancellation of the remand prayer.
On January 30, Customs Intelligence and Investigation Directorate arrested Kader in connection with three separate cases filed with Chawkbazar Police Station in the capital over laundering Tk 919 crore. The following day, he was sent to jail after being produced before another Dhaka court.
Shakera Khatun earlier said she found evidence of charges brought against the accused, and that Kader should be in prison until the probe is completed.
WHAT IS THE CHARGE AGAINST THE ACCUSED?
CIID found that Crescent Group colluded with officials of Janata Bank’s Imamganj branch in Dhaka to launder a total of Tk 1,297.65 crore abroad against 657 fake export bills.
Apart from that against Kader, CIID filed cases under the Money Laundering Prevention Act 2012 against 16 others — including Managing Director of Crescent Leather and Crescent Tanneries Sultana Begum, Rimex Footwear Chairman Abdul Aziz, its managing director Litul Jahan Mira and 13 current and former officials of Janata Bank — with Chawkbazar Police Station.
On January 31, Janata Bank filed five cases with the First Money Loan Court of Dhaka (Artharin Adalat) against five companies of Crescent Leather Products and Crescent Tanneries for illegally realising Tk 3,572 crore.
The five companies are Crescent Leather Products Ltd, Rupali Composite Leatherwear Ltd, Crescent Tanneries Ltd, Lexco Ltd and Remex Footwear Ltd.
The five companies, sister concerns of Crescent Leather Products and Crescent Tanneries, took loan of Tk 3,572 crore from the Janata Bank’s Imamganj Corporate Branch.
Article source: https://www.thedailystar.net/business/crescent-leather-chairman-3-day-remand-1700590