A shocking case of fraud has been uncovered in connection with the enforcement of a court order concerning a property in Dhaka’s Dhanmondi area owned by a London-based expatriate.
Disturbingly, the fraud appears to involve individuals directly linked to the court itself. Allegations of tampering with the main court case file have surfaced, along with claims that Tk 100,000 in bribes was taken from a tenant during the enforcement of the court’s order.
- Key alleged actors:
- Tarikul Islam – Senior EVP, Shahjalal Islami Bank (Corporate Head Office)
- Md. Newaz Ahmed – Businessman/buyer
- Md. Golam Kuddus – Then Vice Chairman, Banani Branch (initially rented the flat secretly via his wife)
- Certain court staff (process servers) are involved in premature “execution.”
- Court record tampering suspected — later handwriting found inconsistent in the main file.
According to reports, businessman Md. Manzur Hossain, owner of Magic Computer and currently residing in London, owns a 2,972-square-foot apartment (Flat No. B-1, 1st floor, House No. 114/B-1 [old], 34/A [new], Road No. 5, Dhanmondi Residential Area), which includes two parking spaces. The property, known as Rupayan Crown Imperial, is valued at around Tk 7 crore.
He mortgaged the apartment to Shahjalal Islami Bank’s Banani Branch against a loan of Tk 1.26 crore, which later increased with interest to Tk 1.70 crore. Manzur Hossain had been repaying the loan on a regular basis. However, after two fire incidents in 2013 and 2014 severely damaged his business, he informed the bank in writing about his financial difficulties and eventually had to shut down his business and move abroad with his family. Even from London, he maintained communication with the bank.
Due to irregular payments, the bank filed a case against him under the Artha Rin Adalat Ain (Money Loan Court Act). Meanwhile, in June 2017, Hossain issued a notice to rent out his apartment. Taking advantage of the situation, Md. Golam Kuddus, then Vice Chairman of Shahjalal Islami Bank’s Banani Branch, allegedly concealed his identity and rented the flat in his wife’s name for Tk 50,000 per month.
On 3 February 2019, the 2nd Money Loan Court, Dhaka, issued a certificate in favour of the bank under Section 33(7) of the Act. The case was later transferred to the 6th Money Loan Court, Dhaka (Money Execution Case No. 470/2025). On 15 October 2025, the court issued a writ of possession (dakhili parwana) for the flat, setting 5 November 2025 for its submission and 10 November 2025 for its execution and report-back.
However, before the legal process concluded, the expatriate businessman Manzur Hossain filed a writ petition with the High Court on 23 October, which remains pending. Shockingly, even as the court proceedings were ongoing, corrupt officials from Shahjalal Islami Bank allegedly struck a deal to sell the apartment for Tk 2.5 crore to Md. Newaz Ahmed, owner of Sajeda Cold Storage (PDT) Ltd., with the involvement of Tarikul Islam, Senior Executive Vice President at the bank’s Corporate Head Office.
Sources claim that following the court’s 15 October order, Shahjalal Islami Bank officials, in collusion with the buyer, engaged in fraudulent activities and manipulated court officers to execute the order prematurely. Despite the court’s order scheduling 5 November for submission, on 23 October, Dhaka District Judge Court process servers (jarikarak) — Md. Yasin, Kamruzzaman, Kamrul Islam — along with Md. Newaz Ahmed, his associates Babul and Alim Uddin, and Ahsan Habib (a Shahjalal Islami Bank official), and 25–30 others, went to the apartment to enforce the order.
They sought police support from the Dhanmondi Police Station, but the OC refused as there was no court order authorising action that day. Ignoring this, the group went ahead on their own. Inside the flat were the tenant S.A. Kabir Noton’s wife, Rumana Kabir, their child, and Noton’s 75-year-old mother-in-law, Shahela Parveen, a cancer patient. Claiming they were executing a court order, they demanded entry. Once inside, they changed the locks and began removing household belongings.
Hearing the news, tenant S.A. Kabir Noton rushed home and asked to see the court order, but the group refused and instead issued threats. They forcibly removed the family and their belongings from the flat. Later, the same men demanded Tk 100,000 from Noton, promising to allow him to stay temporarily and arrange a new rental agreement with the buyer, but after taking the money, they neither kept their promise nor returned the bribe.
Realising he had been deceived, Noton filed a case with the Chief Metropolitan Magistrate Court, Dhaka, on 27 October, naming Md. Newaz Ahmed, his employees Babul and Alim Uddin, Tarikul Islam (Senior EVP of Shahjalal Islami Bank), and about 20 unidentified persons as defendants. The court accepted the case and ordered the PBI (Police Bureau of Investigation) to investigate.
On 29 October, when the tenant’s family returned to the flat, the outsiders had left, and they re-entered. However, later that night, Newaz Ahmed again came with his men but could not retake possession due to police presence.
Around 7:15 p.m. that night, court officials Md. Yasin, Kamruzzaman, and Kamrul Islam again visited the flat, trying to justify their earlier actions on 23 October. When the tenant’s lawyers demanded to see the court’s written order authorising their visit, they could not produce any document. Upon further questioning, they claimed Rajuk Khan, Naib Nazir of the Dhaka Judge Court’s Nejarat Division, had sent them — but Rajuk Khan later denied this.
On 30 October, Manzur Hossain’s lawyers went to the 6th Money Loan Court, Dhaka, to complain, but the judge was on leave. They made an oral complaint and also informed Naib Nazir Matiur Rahman of the Nejarat Division. Upon examining the original case file, Matiur Rahman reportedly found handwriting inconsistencies, suggesting later tampering.
Court sources confirmed that, as per procedure, the writ of possession is scheduled for formal submission on 5 November, with field enforcement expected the same day.
Expatriate businessman Manzur Hossain said:
“The bank itself has cheated me. I fell behind in payments after my business was damaged, but I communicated regularly and even filed written appeals. The bank still owes me Tk 33 lakh. They have no real interest in recovering the loan — their goal is to seize my flat for illicit profit. They aren’t even obeying the court’s order.”
His lawyer, Barrister Solaiman Tushar, confirmed the filing of the High Court writ petition.
