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Mahmudur Rahman Manna, president of Nagorik Oikya, announced that he will approach the High Court’s chamber judge on Sunday regarding a loan default issue with Islami Bank Bangladesh Limited. Speaking at a press conference at his party office on Saturday, Manna said he hopes the court’s decision will remove obstacles to his participation in the upcoming 13th national election. He explained that the dispute stems from a business loan taken in 2010 for Akafu Cold Storage Limited in Shibganj, Bogura, which later became problematic after his business partner allegedly took control and failed to repay the loan. Manna stated that the loan, originally Tk 22 crore, had grown to about Tk 38 crore with interest and penalties. He said he repaid Tk 2 crore over the past year, and Bangladesh Bank directed Islami Bank to reschedule the loan, which the bank’s board approved on December 10. However, a previous High Court stay order in his favor was unexpectedly recalled. Manna said he will seek a new order to clear his name from the defaulter list before the December 29 deadline to remain eligible for election candidacy. He expressed optimism that the upcoming hearing will resolve the issue and allow him to contest from Bogura-2, Sirajganj-1, and Dhaka-18 constituencies.
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