Defaulting Tk. 140 crore ofs AB Bank

Court issues warrant against Latif Siddique’s family members

A Dhaka court has issued an arrest warrant against former textiles and jute minister Abdul Latif Siddique’s wife Laila Siddque, son Anik Siddiqui and daughter Raina Farzin. The warrant has been issued them on Wednesday for defaulting on Tk140 crore in loans from three banks.

Following the court order, police on Wednesday conducted a drive at their residence in Gulshan 1 in the capital, Gulshan police station officer-in-charge (OC) Md Kamruzzaman said adding that, they were trying to arrest them. Latif Siddique’s family members formed two companies which were Dhaleshwari Limited and Majestica Holdings Ltd to do for printing press and real estate business.

Laila Siddque, wife of Latif Siddique, is the chairman of the two companies, Anik Siddiqui, their son, is the managing director of those companies while Raina Farzin, their daughter, is the director of those companies, as per the sources. They took Tk55.62 crore from AB Bank, Tk56 crore from state-owned Janata Bank and Tk31 crore from Padma Bank.

Majestica Holdings Ltd is among the top 300 defaulters’ list, which was disclosed in parliament last year.  Latif Siddique, the former MP from Tangail-4 seat, was in charge of the textiles and jute ministry in the Awami League’s 2009-13 term.