The High Court has directed Bangladesh Bank to appoint a receiver for the maintenance of all properties of Beximco Group, which is owned by Salman F Rahman.
In the order issued by the court yesterday (18 September) it also asked the Bangladesh Bank to repatriate money allegedly laundered by Salman F Rahman.
Bangladesh Bank has been instructed to submit a report to the court within four weeks regarding the implementation of the order.
"Pending hearing of the rule, Bangladesh Bank is hereby directed to recover the money obtained by respondent No 4 [Salman, who is now in jail in connection with multiple criminal cases] from different banks and bring the money back to Bangladesh from abroad and give compliance within four weeks by respondent No 1 [Bangladesh Bank] about the steps taken," the bench of Justice AKM Asaduzzaman and Justice Muhammad Mahbub Ul Islam said in the three-page full text of order.
"Let a Rule Nisi be issued calling upon the Bangladesh Bank to provide information regarding Beximco Pharmaceuticals Limited and all other business concerns of Beximco Group of Companies of Salman F Rahman and in addition to that how much unpaid loans he obtained from all financial institutions and the present status of loans and repayments and to appoint a receiver to manage the companies of Beximco Group of Companies and attach all the belongings to Beximco Group of Companies and/or pass such other or further order or orders as to this court may seem fit and proper. The rule is made returnable within four weeks".
The petitioner had also it was necessary to attach al of Salman F Rahman's properties to settle the company's Tk5,000cr debts.
Following a hearing on a related petition, the High Court bench of Justice AKM Asaduzzaman and Justice Muhammad Mahbub Ul Islam issued the order along with a rule on 5 September.
The High Court published the written order, which includes the directive to appoint a receiver and attach all properties of Beximco Group of Companies.
A receiver is a person appointed as custodian of a person or entity's property, finances, general assets, or business operations. Receivers can be appointed by courts, government regulators, or private entities.
Advocate Masud AR Sobhan represented the petitioner during the hearing, accompanied by Barrister Fatema Chowdhury, while Deputy Attorney General Redwan Ahmed Ranjib appeared for the state.
