Sonali Bank drops 450m loan default case against Khaleda, Tarique

The authorities of Sonali Bank PLC have dropped the Tk 450 million loan default case against BNP Chairperson Khaleda Zia, Acting Chairman Tarique Rahman, and 14 others, related to an alleged default by Dandy Dyeing Limited, reports BSS.
Confirming the matter to the news agency, Khaleda Zia's lawyer Mostaq Ahmed Koel said Dhaka Money Loan Court-1 passed the order on November 11, allowing a plea of the Sonali Bank authorities.
Sonali Bank panel lawyer Advocate Jahangir Hossain said the case was withdrawn after the company cleared its dues with the bank. "We submitted a petition seeking withdrawal of the case following full repayment. The court granted it," he said. On October 2, 2013, Sonali Bank's senior executive officer Nazrul Islam filed the money loan recovery case with Dhaka's 1st Money Loan Court, accusing Dandy Dyeing Ltd of defaulting on approximately Tk 450 million.