A Dhaka court on Monday sent Regent Hospital Chairman Md Shahed alias Shahed Karim to jail in a case filed over the dishonour of a Tk2.16 crore cheque issued to Dhaka Mercantile Co-operative Bank Ltd.
Judge Sadik Ahammed of Dhaka Joint Metropolitan Sessions Judge Court-5 passed the order after a hearing on the matter.
Shahed was detained from the ECB Chattar area in the capital in the afternoon following an outstanding arrest warrant issued in the case filed with Pallabi Police Station.
According to the case documents, Shahed took a loan of Tk2.16 crore from Dhaka Mercantile Co-operative Bank Ltd in 2015 for business purposes.
As security against the loan, he deposited a cheque of the same amount with the bank. Later, when he failed to repay the loan, the bank presented the cheque for encashment, but it was dishonoured.
The bank then filed a case under Section 138 of the Negotiable Instruments Act, 1881 with the Chief Metropolitan Magistrate’s Court of Dhaka.
The case was later transferred to the Dhaka Metropolitan Sessions Judge’s Court for trial. After completing the trial, Dhaka Joint Metropolitan Sessions Judge Court-5 delivered its verdict on 4 May 2025.
The court sentenced Shahed to one year’s imprisonment and fined him Tk2.16 crore.
As he remained absconding when the verdict was announced, the court issued a conviction warrant along with an arrest warrant against him.
He was later detained on the basis of the warrant and sent to jail following Monday’s court order.
