FE Report
The Appellate Division of the Supreme Court (SC) has asked MR Trading Company to pay Tk 10 million in fines for perpetrating fraud acted upon the court.
The court in a recent verdict said the company's proprietor, Md Mizanur Rahman, concealed facts while conducting a case in a High Court (HC) division.
The fines will have to be deposited in the account of the court within 15 days from the date of service of the copy of the verdict.
The SC also directed Artha Rin Adalat (money loan court)-03 of Dhaka to proceed with the two cases filed to recover Tk 2,098 million in loans from MR Trading.
A seven-member bench of the Appellate Division, led by Chief Justice Syed Mahmud Hossain, delivered the verdict after disposing of a leave-to-appeal petition.
National Bank Ltd represented by its managing director Chowdhury Mustak Ahmed and another filed the petition.
The SC said MR Trading brought a contempt petition against Mr Ahmed by concealing facts and misleading a HC bench only to harass and humiliate him.
Md Humayun Bashar, a lawyer for MR Trading, deliberately perpetrated fraud knowing full well of the suppression of the facts.
The SC has also slapped the HC bench concerned that passed an order in favour of MR Trading without examining the facts.
Senior lawyer Khurshid Alam Khan said, "It's a serious fraud acted upon the court. The SC seriously observed the unusual conduct of the court and others involved."
National and Agrani banks sued Md Mizanur Rahman and Razia Rahman on March 01, 2016, with the money loan court to recover the loan by selling their mortgaged property.
Mr Rahman later applied to get a decree in the case in terms of a memorandum of understanding allegedly done between National Bank and him on August 30, 2017.
But the money loan court rejected the petition on September 27, 2017. Challenging the order, he filed a writ petition with the HC.
The HC bench on October 05, 2017, asked the money loan court to explain why its order rejecting Mr Rahman's petition for a decree should not be declared illegal.
It also directed the court to pass a decree in favour of MR Trading within seven days from the receipt of the HC order.
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