PK Halder emerged as the supervisory body was asleep: High Court High Court
File photo Bangladesh High Court

PK Halder emerged as the supervisory body was asleep: High Court

Bangladesh Live News | @banglalivenews | 13 Jun 2022, 02:05 pm

Own Correspondent, Dhaka, June 13: The High Court has commented that PK Halder was created because the supervisory bodies, including Bangladesh Bank, were asleep.

A bench of the High Court comprising Justice Abu Taher Md. Saifur Rahman and Justice AKM Zahirul Haque made the remarks while hearing a writ petition on Sunday (June 12).

After the hearing, the High Court directed the authorities to pay FDR 13 crore 2 lakh 96 thousand 578 taka to Md. Ishtiaq Hasan Chowdhury, the depositor of GSP Finance Company.

The court directed Mohammad Imdadul Islam, managing director of GSP Finance Company, to pay the depositor's FDR by August 31. "I am telling you in clear language, if you do not pay within this time, I will shut down your company. If necessary, I will appoint an administrator," the court said.

Deputy Governor of Bangladesh Bank Abu Farah Mohammad Nasser was also present in the court that time. Addressing him, the High Court said, "Accountability of financial institutions must be ensured. Your responsibility is to supervise."

The High Court said, "They will embezzle the customer's money. And the customer will walk on the streets aftering depositing their money, it can not be. In this case, Bangladesh Bank cannot fulfill its responsibility with just a letter. If action is not taken against these institutions, Bangladesh Bank will not have dignity."

Barrister Khan Mohammad Shamim Aziz appeared for Bangladesh Bank in the court today. Deputy Attorney General Wais Al Haruni appeared for the state. Advocate Jafrullah Chowdhury was in favour of the writ petition.

In June 2021, Bangladesh Bank sent a letter to the GSP Finance Company Limited to pay the money. Even then the company did not pay.

Later, Md. Ishtiaq Hasan Chowdhury filed a writ petition in the High Court seeking recovery of dues. At one stage of the writ hearing, on June 5, the High Court summoned the managing director of GSP Finance.

Besides, the deputy governor of Bangladesh Bank was asked to come to the court. The managing director of GSP Finance and deputy governor of Bangladesh Bank also appeared in the High Court on Sunday following a court order.