Tk 30cr loan default: Arrest warrant issued against ex-CCCI president

A court has issued arrest warrants against former president of Chattogram Chamber of Commerce and Industry (CCCI) Murshed Murad Ibrahim and his mother Gulshan Ara Begum for allegedly embezzling Tk 30 crore from National Finance Limited.

Chattogram Money Loan Court Magistrate Mujahidur Rahman issued the order today, instructing the local police station to arrest the accused and produce them before the court, reports our Chattogram staff correspondent.

The court also barred the duo from leaving the country, said Rezaul Karim, bench assistant of the court.

According to the Chattogram Money Loan Court, in 2018, the bank authorities moved the Chattogram Money Loan Court seeking loan recovery from the accused.

This correspondent couldn't reach Murshed for comments as his phone was switched off.