Bangladesh court frees Ron Sikder on bail after arrest

Ron Haque Sikder, the managing director of Sikder Group, has been granted bail after he was arrested on charges of abducting and threatening to murder a top executive of Exim Bank.

Ron, who had left Bangladesh in May last year, was apprehended on Friday upon his arrival at Dhaka’s Shahjalal International Airport following the death of his father.

He was later produced before Dhaka’s Metropolitan Magistrate Court where Judge Ashek Imam accepted his plea for bail until Mar 10.

However, the police did not make any application to remand him in custody, according to the court’s Assistant Prosecutor Azad Rahman.

Ron’s father Zainul Haque Sikder, chairman of Sikder Group, passed away on Feb 10.

He and his brother Dipu Haque Sikder, also a director of National Bank, are accused of abducting and threatening to kill the managing director of Exim Bank in a case started with Gulshan police on May 19 last year.

Later, Ron and Dipu fled Bangladesh to Thailand by an air ambulance on May 25.

Detective police subsequently seized a vehicle belonging to Ron after investigating the case amid an uproar over reports of the brothers’ escape.