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Underground bank withered with a crore Taka |
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News |
May 18, 2000
Kushtia, May 17 (UNB) – An underground bank known as ‘Syndicate Bank or Hundi Bank’ operating at Harinarayanpur Bazar, 14 miles away from here, has just withered with about a crore Taka of deposit, local investors have alleged.
The owners identified as Shahjahan and his father-in-law Mohiuddin, very popular and trusted by the investors so far have been missing since April 10, the date for payment of interest.
Panicky investors including traders of the area said transactions of the bank were done secretly through agents paying 12 percent interest per month. No record was kept nor any document used to be exchanged. Some of the investors did receive Tk 12,000 monthly interest for Tk one lakh deposited by them.
With huge deposit pouring in or collected by agents, Shahjahan purchased a shop at Harinarayanpur Bazar that deal in MS rod and cement.
The Bank was initially started at Kotchandpur, where notorious `hundi’ trader Faruq Ahmed alias Kajol was also involved before shifting to Harinarayanpur bazar.
Faruq and his accomplices also fled from Kotchandpur leaving their investors in frustration. A tense situation has been prevailing at Harinarayanpur bazar. |