Ex-chair of Fareast Life Insurance remanded afresh

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A Metropolitan Magistrate Court in Dhaka on Friday positioned former chairman of Fareast Islami Life Insurance Co Ltd Md Nazrul Islam on one-day contemporary remand in a case lodged for embezzling depositors’ cash.

Dhaka metropolitan Justice of the Peace Rashidul Alam handed the order as police produced Nazrul earlier than the court docket after the tip of his two-day remand within the case and pleaded to position him on 13-day contemporary remand.

The court docket of Dhaka metropolitan Justice of the Peace Mahbub Ahammed on September 13 had positioned Nazrul Islam on two-day remand. The court docket on that day had additionally allowed police to interrogate former director of the corporate MA Khalek and his son Rubaiyat Khalek at jail gate for 2 days, within the case.

The case was filed with the Shahbagh police station earlier this month for allegedly embezzling greater than Tk 800 crore of the depositors.





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