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Four trustees of North South University sent to jail, face grilling in embezzlement case

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2022-05-24 11:05:50

Senior Special Judge KM Imrul Kayes on Monday also granted the Anti-CorruptionCommission permission to quiz them at the jail gates within seven days afterpolice produced them for hearing.

The trustees behind bars are MA Kashem, Benajir Ahmed, Rehana Rahman andMohammed Shajahan.

The ACC on May 5 prosecuted six people, including the chairman of theuniversity"s Board of Trustees Azim Uddin Ahmed, for allegedly misappropriatingthe university"s funds for purchasing land for its campus. The other accusedis, Amin Md Hilaly, managing director of Ashaloy Housing. They were alsocharged with money laundering.

The High Court on Sunday denied the four trustees’ plea for anticipatory bailand turned them over to police.

Mutual Group of Industries Chairman Kashem is a former president of FBCCI anddirector of South East Bank. Benajir, the managing director of Raymond Group,had served as the president of Dhaka Chamber of Commerce and Industry. Rehanais the managing director of Bengal Tradeways. Shajahan is the managing directorof Shah Fateullah Textile Mills and Jalal Ahmed Spinning Mills.

According to the case, filed by the ACC Deputy Director Farid Ahmed Patwary,the accused bought 36.81 hectares of land at a low price but provided a muchhigher estimate to the university authorities with the "nefarious intention" ofembezzling the excess funds.

Initially, they paid the money to the seller, which was then withdrawn by theirassociates by cheque. The funds were then transferred to the accused, whoparked the money in fixed deposit accounts.

After ACC’s Farid, who is also investigating the case, sought to quiz theaccused at the jail gates, the defence lawyers argued that the court shoulddismiss the plea considering the age of their clients. They also soughtfirst-class privileges for their clients.

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