A court in Chattogram today placed Chairman of Regent Group Md Shahed on a four-day remand in a case filed over embezzling Tk 91.25 lakh from a motor parts importer through fraudulence in Chattogram city.

The court of Metropolitan Magistrate Safi Uddin passed the order after Shahed was produced before the court with a 10-day remand prayer, said Assistant Commissioner (AC) (Prosecution) Kazi Shahbuddin Ahmed of Chattogram Metropolitan Police.

Shahed was taken to Chattogram Central Jail from Dhaka on Saturday.

Saifuddin Mohsin, a staff of M/S Mega Motors, filed the case with Double Mooring Police Station on July 14 against Shahed and Shahidullah (60) for embezzling Tk 91.25 lakh.

According to the case statement, Shahed took the money saying he will "manage" the BRTA authority to get route permit for CNG-run auto-rickshaws of the importer in Dhaka city.

Later, Shahed handed over a photocopy of a circular signed by BRTA chairman allowing route permission of 200 CNG-run auto-rickshaws of Mega Motors. Later, Mega Motors contacted BRTA authority and found the circular to be fake, as per the case statement.