Staff Reporter

The loan amount of (RSRM) Ratanpur Group from various banks is 2 thousand 200 crores.

The court ordered the arrest of 4 owners of (RSRM) Ratanpur Steel Re-Rolling Mills for not appearing on the scheduled date of the debt default case in Chittagong.

Joint District Judge Mujahidur Rahman of Chattogram Money Debt Court issued this arrest warrant on Thursday.
The 4 owners of RSR are – Mizanur Rahman, Marjunur Rahman, Md. Alauddin and Maksudur Rahman.

It should be noted that earlier on November 27 last year, their lawyer applied for the permission of the owner of RSRM to go abroad due to illness. In that context, they were supposed to appear in court on 08-02-24.

Rezaul Karim, assistant bench of the court, said to Morning Glory’ about the judgment, that the owners of RSRM were ordered to appear in court in the case of Tk. But as they did not appear in court on Thursday (08_-02-24), the court issued an arrest warrant against the 4 owners.
It should be noted that earlier on November 27 last year, their lawyer applied for permission to go abroad on behalf of RSRm owner due to illness.In that context, they were supposed to appear in court on 08-02-24.
It is known that the Ratanpur group is plagued with defaults. The amount of loan to them from various banks is 2 thousand 200 crores.

Of this, only Janata Bank Laldighi branch will receive 1 thousand 200 crores! Out of which, Ratanpur Group-owned Modern Steel Mills Limited has Tk 409 crore, Ratanpur Ship Recycling Industries Tk 313 crore and SM Steel Re-Rolling Mills Ltd Tk 482 crore.

Sonali Bank will get Tk 663 crore. Of this, there is a loan of Tk 462 crore in the name of Modern Steel Mills Limited and Tk 201 crore in the name of Ratanpur Steel Re-Rolling Mills Limited. Sonali Bank has also filed 12 cases against these institutions for the demand of due money. Besides, Mercantile Bank will get Tk 150 crore from Ratanpur Ship Recycling. Global Islami Bank will also get Tk 56 crore from the same institution. Trust Bank will get Tk 60 crore from Modern Steel Mills Limited. In addition, SM Steel Re-Rolling, another company of Ratanpur Group, has taken a loan of 55 crore rupees from Lankabangla Finance Limited. Apart from the bank, the company has bills and arrears of a government service organization. RSRM’s two closed factories in the city’s Nasirabad industrial area are also said to have outstanding electricity bills of Rs 40 crore.