First Security bank sues MR Trading over Tk209 crore cheque fraud
According to the case statement, MR Trading took a loan facility from First Security Islami Bank’s Anderkilla branch in 2010 for scrap business of old ships
First Security Islami Bank has filed a cheque fraud case of Tk209 crore against MR Trading and its proprietor Mostafizur Rahman.
The Anderkilla branch of the bank filed the case with the Chattogram Metropolitan Magistrate-1 Court on Monday (2 September), the plaintiff's lawyer advocate Zia Habib Ahsan confirmed to The Business Standard today (4 September).
Md Forkan Chowdhury, authorised officer on behalf of the bank, filed the said case as the plaintiff.
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Judge Jewel Deb of the court fixed 3 November as the hearing date in the case, said the lawyer.
According to the case statement, MR Trading took a loan facility from First Security Islami Bank's Anderkilla branch in 2010 for scrap business of old ships.
However, despite enjoying regular investment facilities, the company's debt became irregular in December 2023, reads the case statement.
When the bank tried to cash the cheques held as collateral against the loans, it found that there were not sufficient funds in the borrower's account and the cheques were dishonoured.
"The borrower did not pay the money despite sending legal notices several times. As a result, a case under the Negotiable Instruments Act has been filed against the company to recover the money from the bank," he added.
MR Trading owner Mostafizur Rahman is the son of Nurul Amin Chowdhury of Lakshipur village in Begumganj, Noakhali.
The address of the company is mentioned in Gauchia Market, Agrabad.
