The Anti-Corruption Commission (ACC) has filed a case against Mostafa Golam Quddus, industrialist, former president of BGMEA, and chairman of Sonali Life Insurance, along with seven other officials, on charges of embezzling over Tk188 crore.
ACC Public Relations Officer Akhtarul Islam told Dhaka Tribune: "ACC Assistant Director Rakibul Hayat filed the case with the Integrated District Office, Dhaka-1 on Thursday, under the Penal Code, 1860, and sections 4 (2) & (3) of the Money Laundering Prevention Act, 2012.”
According to the case statement, the other accused include Mostafa Golam Quddus's daughter Fouzia Kamrun Tania, his son Mostafa Kamrus Sobhan, Director Shafia Sobhan Chowdhury, his daughter Tasnia Kamrun Onika, Fazlutunnesa, Director of Sonali Life Insurance Company Limited and wife of Mostafa Golam Quddus, Director Noor-e-Hafza, and Mir Rashed Bin Aman, the former CFO and acting CEO of Sonali Life Insurance Company Limited.
The case statement alleges that these individuals, with the intent to gain financial benefit unlawfully, assumed key positions within the company.
During the investigation, the commission found that they allegedly colluded to commit fraud and forgery, creating false agreements and committing a criminal breach of trust. This enabled them to illicitly withdraw Tk1,878,415,966 from the company’s funds over various periods.
The report also mentioned that they allegedly transferred and converted these funds into personal assets and accounts through various layering processes.
The ACC, upon reviewing the evidence, found initial proof of these offenses and registered the case under the relevant sections of the law.