Businessman fined, jailed for cheque dishonour
Sunday, 30 September 2007
FE Report
A Dhaka court has sentenced Zabed Iqbal, proprietor of Z & H Trading Corporation, to one year imprisonment and fined Tk 160 million in a cheque dishonour case.
Assistant session judge of the 5th court of Dhaka Md Fazlul Haq handed down the verdict September 10, 2007. The trial was held in absence of Zabed Iqbal. The verdict will be effective on the day of his arrest or surrender to police.
The court also issued warrant against Zabed Iqbal. The court has ordered the accused to give Tk 80 million to the plaintiff and deposit the remaining Tk 80 million to government exchequer.
According to the case, Shafiqur Rahman, senior executive officer, Jamuna Bank, Gulshan Branch, Lake View Commercial Centre, Gulshan-2, Dhaka filed a case against Zabed Iqbal under article 138 of the Negotiation Instrument Act 1881 when a cheque for Tk 80 million (Standard Chartered Bank, Gulshan Branch, No. 0574427) issued by Zabed was dishonoured for insufficient of fund.
Advocate ASM Sharif Newaz appeared on behalf of the plaintiff while advocate Sanaullah Miah appeared in favour of accused Zabed Iqbal.
A Dhaka court has sentenced Zabed Iqbal, proprietor of Z & H Trading Corporation, to one year imprisonment and fined Tk 160 million in a cheque dishonour case.
Assistant session judge of the 5th court of Dhaka Md Fazlul Haq handed down the verdict September 10, 2007. The trial was held in absence of Zabed Iqbal. The verdict will be effective on the day of his arrest or surrender to police.
The court also issued warrant against Zabed Iqbal. The court has ordered the accused to give Tk 80 million to the plaintiff and deposit the remaining Tk 80 million to government exchequer.
According to the case, Shafiqur Rahman, senior executive officer, Jamuna Bank, Gulshan Branch, Lake View Commercial Centre, Gulshan-2, Dhaka filed a case against Zabed Iqbal under article 138 of the Negotiation Instrument Act 1881 when a cheque for Tk 80 million (Standard Chartered Bank, Gulshan Branch, No. 0574427) issued by Zabed was dishonoured for insufficient of fund.
Advocate ASM Sharif Newaz appeared on behalf of the plaintiff while advocate Sanaullah Miah appeared in favour of accused Zabed Iqbal.