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A loan defaulter of state-owned Agrani Bank has been arrested recently as the bank has started taking stringent legal action to recover its defaulted loans.
Ashiq Ibne Alam, director of N.N.A. Auto Rice Mills Limited, a defaulting borrower company of the bank's Principal Branch, was arrested recently, says a press release received on Wednesday.
On October 1, 2020, Agrani Bank filed a case in the Money Loan Court of Dhaka to recover the defaulted loan amounting to Tk 311 million (Tk 31 crore, 10 lakhs, 78 thousand).
The court issued arrest warrant against four accused.
Based on that court order, a team of Dhanmondi police arrested director Ashiq Ibne Alam (son of AKM Khorshed Alam) and sent him to jail.
As part of its ongoing drive, another bank loan defaulter of Agrani Bank Sheikh Khajauddin, director of M/s Phoenix Leather Complex (Pvt) Ltd, was arrested on July 20.