The court ordered to take measures to bring Chittagong based Sylvia Group Chairman Mujibur Rahman Milon back to the country from Singapore in the Tk 1000 crore debt default case. Home and Finance Secretary and Bangladesh Bank Governor have been asked to take action in this regard.
Judge Mujahidur Rahman of Artha Rin Adalath Court Chittagong gave this order on Thursday. Court Bench Assistant Rezaul Karim told Business Mirror.
According to court sources, Sylvia Group leader Mujibur Rahman has defaulted on loans from Mercantile Bank, Eastern Bank, City Bank, Premier Bank and Bank Asia. He has several check bounce cases against him. He has built six companies in Singapore and UK with the money of smuggling. He had businesses in the shipwreck and accommodation sector in the country.
According to the court order, 10 cases are ongoing in the court against Mujibur Rahman. The amount of defaulted loans against him by various banks and financial institutions is not less than thousands of crores of rupees. Although the legal process has been going on for 10 years, it has not been possible to recover the defaulted debt from Mujibur Rahman.
As Mujibur Rahman is currently absconding in Singapore, the debt collection process is failing, which is directly affecting the country’s economy.
The court asked the copy of the order to be sent to the Home Secretary, Finance Secretary and the Governor of Bangladesh Bank to take necessary legal steps to bring Mujibur back to the country as he is absconding in Singapore.