HC stays freeze on Mannan's Bank accounts
UNB, Dhaka
The High Court (HC) yesterday stayed operation of the deputy commissioner of taxes (DCT) notice that had asked three banks in Chittagong to freeze the accounts of Major (retd) M A Mannan.Accordingly, Standard Chartered Bank has frozen the accounts of Delta Fashion and Eastern Fashion Industries, United Commercial Bank the accounts of Sunpack while Commercial Bank of Ceylon the accounts of Sunflower Garments and Quashem Saewhan Company, all in the name of their owner Major Mannan. A division bench comprising Justice M A Matin and Justice Syed Refat Ahmed also issued rule upon the DCT and others, returnable in three weeks, to explain why the notice freezing the accounts of Major Mannan should not be declared illegal and void. The order came upon separate writs filed by Mannan, owner of the companies, challenging the validity of the DCT notice.
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