Stop auction, filing cases till HC verdict

ABHBFC leaders at a press conference here said the PPC on April 8, 2001 decided for lower interest on house building loan and repayment in easy instalments.

As the HBFC was dilly-dallying in implementing the decision, ABHBFC Secretary General Fazlul Haque filed a writ with the High Court on June 19, which is awaiting disposal, they said.

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The ABHBFC leaders also claimed that HBFC was charging very high interest rates on loans.

Many of the borrowers in Rajshahi have lost their houses and lands after taking loan from HBFC and fate of more 1500 is uncertain, ABHBFC General Secretary Golam Sarwar Swapon said in his written statement.

Among others, its president Prof Abdul Haque, senior vice-president Abdul Momin and journalists Abul Hossain Malek and Fazlul Haque spoke at the press conference, held at Rajshahi Chamber of Commerce and Industries office.

They said HBFC has put 46 houses on auction illogically in Rajshahi city while the loan recovery rate is over 74 percent.

The Rajshahi HBFC has Tk 112.76 crore unpaid loans including Tk 65 crore interests.