RE: Legal opinion regarding refund of Tk. 50,000.00 collected through clearing against alleged fake FDD No. 1329637 dated 05.10.06, Account: Mr. x – a client of Bank 1.
We refer to your letter no. ………………..dated March 20, 2007 on the above subject.
We have perused the contents of your letter and the copies of the papers annexed therewith. Since the account holder Mr. x has authorised the Manager, Bank 1, vide his letter dated 14 February 2007 to debit his account no. 34004843 to the tune of Tk. 50,000.00, the Branch can debit the amount and send the said amount to Bank 2 by way of a pay order. However, in the covering letter, the Branch must categorically state that without going into the dispute between Bank 2 and its client and having the authority to debit the clients account the Branch is forwarding the said amount by way of a pay order to Bank 2.
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