MEB cheque fraud: Warrant against Chairman, MD

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Chittagong Bureau :
Charge has been framed in a Chittagong court against Chairman and the Managing Director of most reputed industrial concern of M/s Elias Brothers Ltd (MEB Group) for alleged deceiving against cheque bounced by the bank.
The cheque was issued to Bank against loan of the concerned Bank. Due to absence of of the loaners during hearing the charges of the cheque defaulters, court issued arrest of warrants against the siblings .
The alleged accused are the chairman and the Managing Director of the MEB group Nurul Absar and Shamsul Alam respectively. Metropolitan Session Judge SM Mujibur Rahman issued arrest of warrants after framing charge on Thursday. The next date of charge hearing fixed on June June 17 next. Court sources said MEB issued cheque for Tk.57,67,582 to Islami Bank Bangladesh, Anderkilla branch against outstanding loan on March 12, 2013.
Later the cheque was dishonoured after submission on May 27 of the same year due to fund deficit.
After that Islami Bank issued first notice to MEB group on June, 2013. Despited repeated legal notices , the loan borrowers did not responded. Finally Manager of the Bank Md. Salahuddin filed the cheque fraud case against the chairman and the Managing Director of MEB Group before the court as a plaintiff.
Mentionable that Managing Director of MEB group Shamsul Alam is the vice President of city BNP and once contested in national parliament election in 2008, sources said.