Rangs, HRC groups chiefs get bail in stock market scam case

A Dhaka tribunal has granted permanent bail to the chairman of Rangs Group and the chief of HRC Group, and two other people in a case filed over the 1996 share market scam. The country’s two top businessmen – A Rouf Chowdhury and Sayed H Chowdhury – were given bail by the Special Tribunal on capital market on Sunday in the scam case involving a brokerage firm. A Rouf Chowdhury, the Rangs Group chairman and Sayeed H Chowdhury, the HRC Group chief, were chairman and director respectively of the brokerage firm – Premium Securities – in 1996. The brokerage firm, however, was later disposed of by them. Two other people receiving permanent bail from the tribunal, were Anu Jaigirdar, director and Mashiur Rahman, managing director of the brokerage firm, according to a news agency.
- biplab