Embezzling Tk 6.70cr of Oriental Bank: Orion chief Obaidul Karim gets life term: Babar on remand in Basundhara case

Staff Reporter

Absconding Orion Group chairman Obaidul Karim was awarded life sentence for embezzling Tk 6.70 crore of Oriental Bank Limited by a special court yesterday.
The court also fined him Tk 6.70 crore. In default, he will have to serve another two years of rigorous imprisonment.
At the same time, the court also ordered seizing of the bank guarantee submitted by Obaidul Karim in his name in favour of Belhasa Accom JV, the construction firm responsible for constructing the Jatrabari-Gulistan Flyover. [Read more]


 

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