The Appellate Division of the Supreme Court has ordered Jamuna Bank Deputy Managing Director Mozammel Hossain to surrender before the lower court for his alleged involvement in the Tk990 crore scam by Bismillah Group between 2010 and 2012.
The chamber judge Mahmud Hossain passed the order on Tuesday following a petition filed by the Anti-Corruption Commission.
On November 3 last year, the ACC filed 12 cases against 53 officials of five banks and the Bismillah Group under the Money Laundering Prevention Act, 2012 for their alleged involvement in the embezzlement of funded loans worth over Tk990 crore.
The list of accused include 13 people of Bismillah Group, five officials of Jamuna Bank, and others from Janata, Prime, Premier and Shahjalal Islami banks.
According to the first information report, Bismillah Group in association with the bank officials had embezzled the money through loans against trust receipts using names of fake foreign buyers, and laundered the money abroad.
They had secured cash incentives against fake export documents, taking advantage of inland bills purchases and overpricing non-existing export items.