3 of Nurjahan Group’s concern jailed

Three owners of a concern of Nurjahan Group were sentenced to five months in prison yesterday in a case filed in connection with defaulting Tk 325.84 crore in loans.

Judge Mujahidur Rahman of the Money Loan Court in Chattogram passed the judgement in the case filed by the Laldhighi branch of Janata Bank on February 17, 2019.

The accused are Zahir Ahammed, Tipu Sultan and Farhad Monuar, owners of M/S Jasmine Vegetable Oil, a sister concern of Nurjahan Group.

Rezaul Karim, a bench assistant at the court, said the loans were not repaid in spite of several notices issued by the bank authorities.

He said five other cases have also been filed against the company so far in connection with defaulting loans worth around Tk 400 crore from different banks.