Rangs Electronics MD, 2 others face travel ban

A Dhaka court on Monday imposed a travel ban on consumer electronics company Rangs Electronics Limited Managing Director (MD) Ekram Hussain, his brother and company Deputy Managing Director (DMD) Beanus Hussain and their mother Sachimi Ogawara Hussain, reports BSS.

Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the order, allowing a plea of the Anti-Corruption Commission (ACC).

The ACC plea said Ekram Hussain, Beanus Hussain and others are accused of illegally acquiring wealth and laundering an estimated Tk 15,000 to Tk 20,000 crore abroad.

It said secret inquiries and complaints revealed that Ekram Hussain, Beanus Hussain and their family members own substantial movable and immovable properties at home and abroad. Confidential sources further indicated that they are attempting to transfer or relocate these illegally acquired assets.

Therefore, imposing travel restrictions on the accused is urgently necessary to prevent the transfer of their assets and to preserve evidence of their alleged criminal activities, in the interest of justice, the petition added.