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The High Court on Monday directed the Dhaka North City Corporation (DNCC) to take possession of their stake in the building on 44 Kemal Ataturk Avenue from Borak Real Estate Ltd within the next two months.
It directed the authorities concerned to settle this issue as per agreement between the DNCC and Borak Real Estate Ltd within the stipulated time. HC bench of justices Md Nazrul Islam Talukder and Khizir Hayat Lizu passed the order after hearing a writ petition in this regard. The court also issued a rule seeking explanation as to why the inaction and failure of those involved in collecting these assets worth several billion of Taka should not be declared illegal.
Concerned parties have also been asked to submit a compliance report before the court within the next three months, after settling this issue.
Earlier the same day, Barrister Syed Saydul Haque Suman filed a writ petition before the court bringing allegations of corruption in the construction of the 28-story building, and sought an order for conducting an Anti-Corruption Commission (ACC) investigation.
Advocate Md Abu Taleb, a lawyer of Borak Real Estate Ltd, said the court instead directed to settle the issue within two months as per the agreement signed between the DNCC and Borak Real Estate over the building's ownership.
About the corruption allegations, Taleb said, "After hearing all sides, the High Court did not pass a rule for conducting an investigation over the graft allegation, as it is primarily satisfied that no corruption incident took place."