They were sued on an allegation of over Tk1,745.66 crore loan fraud with the bank
The Anti-Corruption Commission (ACC) has filed separate cases against 20 officials of the Crescent Group and state-owned Janata Bank on an allegation of over Tk1,745.66 crore loan fraud with the bank.
ACC Assistant Director, Gulshan Anwar Pradhan, filed five separate cases with Dhaka’s Chawkbazar police on Sunday.
As many as seven executives of the Crescent Group and 13 officials of Janata Bank were named in the lawsuits.
The accused from the Crescent Group are chairman of Crescent Leather Products, MA Kader, directors Sultana Begum and Razia Begum, chairman of Remix Footwear, Abdul Aziz, director Luty Jahana Mira, director of M/S Lexco Limited, Harun-Ur-Rashid, and Samia Kader Nadi, of Rupali Composite Leatherwear Ltd.
Janata Bank officials named in the case include, Abdullah Al Mamum, Md Maniruzzaman, Md Saiduzzaman, Mohammad Ruhul Ameen, Md Magreb Ali, Md Khairul Amin, Md Ataur Rahman Sarkar, Md Rezaul Karim, Muhammad Iqbal, AKM Asaduzzaman, Kari Roeis Uddin Ahmed, Md Zakir Hossain, and Fakhrul Alam.
The Customs Intelligence and Investigation Directorate had previously filed separate cases against the Crescent Group under the Money Laundering Act for siphoning off abroad, foreign currency equivalent to Tk919.56 crore.
Of the three Crescent Group firms sued, Crescent Leather Products has allegedly laundered Tk422.46 crore abroad through export bills of Janata Bank Ltd, followed by Tk481.26 crore by Remix Footwear, and Tk15.84 crore by Crescent Tanneries Ltd.
In late 2017, Janata Bank, Imamganj corporate branch, purchased a number of export bills from the three firms, but export proceeds in foreign currency worth Tk919.56 crore against 460 export bills were not sent home until October 2018, according to CIID.