Arrest warrant issued against ex-CCCI president

A court has issued arrest warrants against a former president of the Chittagong Chamber of Commerce and Industry (CCCI), Murshed Murad Ibrahim, and his mother, Gulshan Ara Begum, for allegedly embezzling Tk 30 crore from National Finance Limited. 

Chattogram Money Loan Court Magistrate Mujahidur Rahman issued the order yesterday, instructing the local police station to arrest the accused and produce them before the court, reports a Chattogram staff correspondent of The Daily Star.

The court also barred the duo from leaving the country, said Rezaul Karim, bench assistant of the court.

According to Chattogram Money Loan Court, the bank authorities sought recovery of the loan from the accused in 2018.

This correspondent could not reach Murshed for comment as his phone was switched off.