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High Court asks Belayet to repay loan first

Staff Correspondent | Published: 00:19, Apr 12,2021

 
 

The High Court on Sunday refused to allow Cargo Vessel businessman Gazi Belayet Hossain Mithu to travel abroad and asked him to make 2 per cent down payment to get the privilege of rescheduling a loan that he defaulted on repayment at BASIC Bank.

Belayet reportedly borrowed Tk 300 crore, but did not repay the loan, according to the complaint.

The bench of judges M Enayetur Rahim and Mostafizur Rahman issued the directive after deleting  Belayet’s writ petition from the hearing list.

Belayet, also a former leader of Cargo Vessel Owners’ Association, challenged the legality of an Anti-Corruption Commission’s notice that on April 18, 2019 asked the Immigration Police to prevent him from travelling abroad.

The commission in its notice said that Belayet should be barred from leaving the country until the commission completes its investigation into 61 cases filed in 2015 by the ACC against a group of borrowers over the embezzlement of about Tk 3,500 crore from different branches of the state-owned BASIC Bank by taking fictitious loans.

Commission’s lawyer Khurshid Alam Khan told the court that there was allegation that Belayet borrowed a huge amount for his Messrs Belayet Navigation and some other fictitious businesses by bribing former BASIC Bank chairman Abdul Hye Bacchu and the bank’s Gulshan branch former manager Shipar Ahmed, also an accused in several cases.

Ruhul Quddus Kazal prayed for allowing Belayet to travel abroad in line with the High Court’s recent verdict that declared imposition of law enforcement agencies’ embargo on citizen’s foreign visit ‘unconstitutional’.

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