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SA Group MD, chairman summoned in cheque bouncing case

A Chittagong court yesterday summoned SA Group Managing Director Shahabuddin Alam and its Chairman Yasmin Alam in a cheque bouncing case involving Tk 1 crore.

National Bank Agrabad Branch's executive officer Md Abu Bakkar Russell lodged the case with the court yesterday, said court sources.

The plaintif's lawyer Kazi Sanowar Ahmed Lavlu said the company's managing director and chairman, after taking loan of US $ 2.40 crore from the bank in the name of SA Oil and Refinery, opened LC for importing 30,000 metric tonnes of crude palm oil in 2013.

The company showed customs officials fake bank documents during release of 16,249 metric tonnes of oil, he said. The company provided several cheques, including the one for Tk 1crore, to the bank to get documents. But the cheques bounced, he added. 

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SA Group MD, chairman summoned in cheque bouncing case

A Chittagong court yesterday summoned SA Group Managing Director Shahabuddin Alam and its Chairman Yasmin Alam in a cheque bouncing case involving Tk 1 crore.

National Bank Agrabad Branch's executive officer Md Abu Bakkar Russell lodged the case with the court yesterday, said court sources.

The plaintif's lawyer Kazi Sanowar Ahmed Lavlu said the company's managing director and chairman, after taking loan of US $ 2.40 crore from the bank in the name of SA Oil and Refinery, opened LC for importing 30,000 metric tonnes of crude palm oil in 2013.

The company showed customs officials fake bank documents during release of 16,249 metric tonnes of oil, he said. The company provided several cheques, including the one for Tk 1crore, to the bank to get documents. But the cheques bounced, he added. 

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