A Dhaka Court on Friday granted bail to five officials of Transcom Group in three separate cases filed by Shahzreh Huq, daughter of the late chairman of the Group, over alleged money embezzlement, property grabbing and illegal transfer of company shares.
Judge of the Metropolitan Magistrate Court in Dhaka, Shanta Akter, passed the order after hearing three separate bail petitions filed by the accused, said lawyer Sheikh Baharul Islam who appeared in the court representing the Transcom Group officials.
The officials are- Md Fakhruzzaman Bhuiyan, executive director (Corporate affairs and law) at the Transcom Group; Kamrul Hasan and Abdullah Al Mamun, both directors in corporate finance section; Mohammad Mossadeq, assistant company secretary; and Abu Yusuf Md Siddik, manager (Company secretary).
Earlier on the day, Police Bureau of Investigation (PBI) officials produced them in the court and prayed for placing them on remand.
On the other hand, the lawyers of the Trnascom officials placed there separate bail petitions for them.
After holding hearing on the bail petitions, the court rejected PBI's plea for remand and granted them bail till submission of the police report in the cases.
Lawyers Mahbubur Rahman, Mizanur Rahman Mamun, Sheikh Baharul Islam and AKM Mohiuddin Faruk appeared in the court hearing on behalf of the Transcom Group officials.
The officials were arrested by PBI members in the cases from their residences and offices in the capital at various intervals on Thursday.
Earlier on the day, Shahzreh Huq, younger daughter of the late chairman of the Group, filed three cases with Gulshan Police Station on charge of money embezzlement, property grabbing and illegal transfer of company shares by the accused officials.
Meanwhile, Shahzreh Huq also sued her elder sister Simeen Rahman, who is the current Transcom Group CEO, mother Shahnaz Rahman, current chairman of the Group, Simeen Rahman's son and Transcom's head of transformation Zaraif Ayaat Hossain.
In the cases, allegation of grabbing properties and transferring company shares worth more than Tk100 billion was brought.
According to the case documents, Simeen and her accomplices tried to illegally acquire around Tk100 billion worth of property of her father Latifur Rahman through fabricated deeds of settlements.
In the cases, Shahzreh alleged that Latifur Rahman had left Tk1.0 billion in FDRs across multiple banks upon his death.
She accused her mother Shahnaz and sister Simeen of unevenly distributing the FDRs. The rest are accused of aiding to embezzle the funds.
The case document also says that the plaintiff was informed that she received 4,270 shares, her brother Arshad Waliur Rahman received 4,270 shares, and her sister Simeen got 14,160 shares.
However, the plaintiff claimed she never signed the transfer deed and nor did her father.
Shahzreh further alleged that the accused fabricated these documents.
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