Dhaka, Sept. 6 -- For filing a fraudulent writ petition with the intention of obstructing the ongoing reform process of United Commercial Bank PLC (UCB), a petitioner group led by Bashir Ahmed, M.A. Sabur, and Russell Aziz has been fined Tk 15 lakh by the court.

Bangladesh Bank dissolved UCB's Board of Directors in September 2024, which was led by former Land Minister Saifuzzaman Chowdhury and his associates.

Recently, in a case filed by the Anti-Corruption Commission (ACC), the court also ordered the seizure of shares belonging to 23 individuals of this group. Later, in July, a faction of this same group, claiming to hold more than 10 percent shares of the bank and invoking Section 233 of the Companies Act, 1994, filed a petition chall...