A Chattogram court has placed Regent Group Chairman Md Shahed Karim on a 4-day remand in a case over embezzlement of more than Tk91 lakh.
The court of Chattogram Metropolitan Magistrate Shafi Uddin passed the order on Sunday afternoon.
Shahed was produced before the court of Chattogram Metropolitan Magistrate Sarwar Jahan at around 1:15pm. He was shown arrested in the case and later referred to Magistrate Shafi Uddin's court for the remand hearing.
Chattogram Metropolitan Police (CMP) Assistant Commissioner (Prosecution) Kazi Sahab Uddin said the court granted Shahed's remand for questioning in the fraud case.
On Saturday afternoon, Md Shahed alias Shahed Karim was brought from Dhaka Central Jail to Chattogram Central Jail.
On July 13, Saifuddin Mohsin, a businessman from Chattogram, filed a case at the Double Mooring Police Station against Shahed Karim and another named Shahidullah for embezzling Tk91.25 lakh.
On behalf of Ziauddin Mohammad Jahangir, owner of Mega Motors in Dhanyalapara of Double Mooring, his cousin Saifuddin Mohsin filed the case.
In that case, Shahed was accused of pocketing Tk32 lakh in cash and Tk59.25 lakh in bank cheque from the businessman.
According to the case statement, Shahed took the money between February 22 and March 5, 2017, promising to get him a permission from the government to operate 200 three-wheelers in Dhaka.
There was a delay in filing the case as Ziauddin Mohammad Jahangir fell ill due to the incident and he tried to resolve the issue through discussion, the statement added.