The Supreme Court has stayed the High Court order that summoned Shafiqul Alam, managing director of Jamuna Bank, to appear before it and explain his inaction to comply with a 2017 directive.
Chamber judge of the Appellate Division of the SC passed the stay order on February 11, following a leave-to-appeal petition filed by Shafiqul.
According to the case statement, one Talebur Rahman opened a Mudaraba Term Deposit Receipt [MTDR], a profit bearing account, with Jamuna Bank's Nawabpur branch in 2005. The deposit matured after five years.
Talebur gave the power of attorney to AIM Hasanul Mujib, the petitioner, for drawing the deposited money from the bank, said petitioner's lawyer Barrister ABM Altaf Hossain.
“When Mujib went to the bank, they refused to release the money,” said the lawyer, adding, Mujib later knocked the doors of Bangladesh Bank (BB), but could not get the money released.
He then filed a writ petition in this connection against the authorities concerned with the central bank and Jamuna Bank.
In February 2017, the HC directed Jamuna Bank to pay the deposited sum of Tk 51 lakh to Mujib in 30 days.
The apex court also upheld the HC verdict, but the bank did not release the money.
As the respondents did not act upon the court's order, on January 24 last year, HC issued a contempt of court rule against the central bank governor, finance secretary, Jamuna Bank MD and three others.
A year later, on January 22, Mujib again filed another petition with the court, and the same bench summoned Shafiqul to appear on January 29. Shafiqul was absent.
During hearing on January 29, Shafiqul's lawyer Advocate Habibul Islam Bhuiyan told the bench that his client could not appear before it as he is currently abroad.