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High Court issues rules on appointment of receivers for Beximco

Published : Friday, 6 September, 2024 at 9:11 PM  Count : 685

The High Court (HC) on Thursday issued a rule asking the authorities concerned why directives would not given to appoint receivers to control Beximco Group, owned by former prime minister Sheikh Hasina's Private Investment Affairs Adviser Salman F Rahman, alongside confiscation of its assets, reports UNB.

A High Court bench of Justice ASKM Asaduzzaman and Justice Muhammad Mahbub-ul-Islam passed the order after hearing a writ petition submitted by Supreme Court (SC) senior lawyer Masud R Sobhan.
In the rule, the court wanted to know why directives would not be given to provide information about all organizations including Beximco Pharmaceuticals owned by the group.

Moreover, the court wanted to know why directives won't be placed to provide information to Bangladesh Bank (BB) on how much the group owes in loans, appoint receivers to look after the group's properties after confiscating these and bring back the group's laundered money from abroad.

The BB governor, the finance secretary and Salaman F Rahman, who is currently under arrest, were asked to reply to the rule within four weeks.

Representing the petitioner, lawyer Masued stood for himself while Deputy Attorney General Redwan Ahmed and Assistant Attorney General Muzahid Islam Shaheen stood for the state.

END/SZA


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