Loan defaulter of Agrani Bank arrested
A loan defaulter of Agrani Bank has been arrested as the state-owned bank is taking strict legal action to recover its defaulted loans.
Sheikh Khajauddin, director of M/s Phoenix Leather Complex (Pvt) Ltd, a defaulting borrower company of the bank's Bangabandhu Avenue corporate branch, was arrested recently, reads a press release.
Agrani Bank filed the case in the money loan court of Dhaka on 12 January with the aim of collecting Tk142,65,95,000 from the company.
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In the case, the court issued an arrest warrant against the company's officials on 25 May under Section 34(1) of the Money Loan Court Act, 2003. In view of this, on 20 July, a team from Dhanmondi police station arrested Sheikh Khajauddin and sent him to jail.
