Businessman jailed for cheque fraudulence

A Chittagong court sentenced a businessman to one year imprisonment and fined him about Tk13 million (one crore thirty lakhs) on charges of deception as his bank cheque bounced to a receiver due to non-availability of fund in his account. The convicted businessman is Pankos Bonik, owner of Runagar Jewellers in the port city's Newmarket area, court source said. Judge Mohammad Abdur Rashid of the 4th Metropolitan Sessions Judge’s court pronounced the verdict on Sunday afternoon.
The prosecution story, is in short that the accused issued a bank cheque for Tk 130,00,000 on July 5 in 2013 to Mohammad Jahangir Alam, General Manager of RAD group against business purpose but the cheque bounced on 18 July in same year due to lack of adequate fund in the account of the businessman.
Later, Jahangir Alam filed a case on July 22 in 2013 against the businessman for cheque fraudulence.
The court held the businessman guilty after hearing the statements of prosecution witnesses and reviewing the documents, the source added, according to a news agency.
- mbz