A Dhaka court has ordered the seizure of cricketer Shakib Al Hasan’s assets in connection with a cheque dishonour case amounting to Tk4 crore.
On Monday (24 March), Additional Chief Metropolitan Magistrate Ziaudur Rahman issued the order following a petition from the plaintiff.
The case, filed on 15 December last year by IFIC Bank’s Relationship Officer Md Shahibur Rahman, names four defendants: Shakib Al Hasan, Gazi Shahagir Hossain (managing director of Shakib Al Hasan Agro Farm Ltd.), Imdadul Haque (director), and Malaika Begum.
The company itself has also been named as an accused party.
Earlier, on 19 January, the court issued summons requiring the accused to appear. While Imdadul Haque surrendered and secured bail, Shakib Al Hasan and Gazi Shahagir Hossain failed to comply, leading to arrest warrants against them.
Later, Gazi Shahagir Hossain also surrendered and was granted bail.
Following Shakib’s continued non-compliance, the plaintiff moved for the seizure of his assets, a request the court has now approved.
According to case records, Shakib Al Hasan, as chairman of Shakib Al Hasan Agro Farm Ltd., secured loans from IFIC Bank’s Banani branch in 2017—Tk1 crore as working capital and Tk1.5 crore as a term loan.
Due to non-payment, the working capital loan was later converted into a term loan.
Despite repeated notices, the company issued two cheques amounting to Tk4.14 crore on 4 September this year, which subsequently bounced due to insufficient funds.
The legal proceedings continue as the authorities move forward with the asset seizure process.
