CHATTOGRAM, Sept 12: A court in the port city imposed Sunday a ban on travelling abroad for five owners of Regent Textile, a concern of Habib group of Chattogram, on charges of loan default.
The judge of Chattogram Financial Debt Court Mujahidur Rahman passed the ban order.
The five owners of Regent Textile includs Chairman Yakub Ali, directors Salman Habib, Yasin Ali, Mashroor Habib and Tanveer.
According to court sources, IDLC Finance Limited made an application seeking ban on travelling abroad of the five directors including its chairman. Earlier, the financial institution filed a case over Tk 420 million debt default by the textile mills.
After hearing the petition, the court passed the order.
Earlier on August 8, Chittagong Metropolitan Sixth Court Magistrate Mehnaz Rahman issued an arrest warrant against the chairman and four directors of the textile mills in a Tk 18 million check fraud case.
They were granted ail from the court.
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