Top management members at Habib Group, the parent company of defunct Regent Airways’ parent HG Aviation, have been ordered by a court in Bangladesh to repay loans to two banks worth BDT3.5 billion (USD29.8 million), the Daily Star reported.

The loans must be paid within two months to One Bank, which is owed BDT2.1 billion (USD17.9 million) while BDT1.4 billion (USD11.9 million) is owed to Dhaka Bank. One Bank filed three cases against HG Aviation, Siams Superior and Legacy Fashion, all members of the Habib Group. Meanwhile, Dhaka Bank filed a…

Source: ch aviation
Read more: Parent of Bangladesh’s Regent Airways must repay .8mn