A Dhaka court stayed Monday proceedings of two cases in the 1996 stock market debacle against, among others, noted businessman Salman F Rahman, for two days.
Lawyers concerned in the cases, however, refuted the rumour Monday that the court issued arrest warrant against Salman Rahman.
"The court didn't issue the arrest warrant against Salman Rahman," his lawyer Advocate Mosharraf Hossain Kajal told the FE. An official of the securities regulator, which filed the cases, also confirmed it.
The court was set to hear two separate 1996 share market scam cases Monday. There was also an order that either Salman Rahman's counsels will produce a certified copy of a High Court (HC) stay order, as they told the court, or it will proceed with the cases by recording testimony of the witnesses.
As such, the court started taking testimony of a witness in a case filed regarding Beximco Pharmaceuticals Ltd, and then moved to the case of Shinepukur Holdings Ltd. At that time, Salman Rahman's lawyer sought two-day time for submitting the certified copy of the HC stay order.
Following the prayer, the court stayed the proceedings for two days, Mr Kajal said adding "later, we placed the certificated copy before the court Monday and as such the proceedings of two cases will remain stayed."
In the two cases, other two accused persons are high officials of the two companies -- ASF Rahman, AB Siddiqur Rahman and DH Khan. Mr Khan has expired in the meantime, Mr Kajal said adding that the HC stay order issued in 2010 is also applicable to other accused persons.
Advocate Rezaul Karim stood for the Bangladesh Securities and Exchange Commission (BSEC) in the court.
Court stays proceedings of two cases against Salman for 2 days
FE Report | Published: March 11, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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