• Monday, Aug 02, 2021
  • Last Update : 04:15 pm

ACC sues 16 AB Bank officials, 1 other for embezzlement

  • Published at 02:58 pm June 9th, 2021
Anti Corruption Commission-ACC
File photo of the Anti Corruption Commission headquarters in Dhaka Sazzad Hossain/Bangla Tribune

The accused are charged with abusing their power for fraudulent purposes

The Anti-Corruption Commission (ACC) has filed a case against a total of 17 people, including 16 officials of AB Bank Ltd, on charges of corruption and embezzlement of money.

ACC Deputy Director Md Jahangir Alam filed the cases at the ACC's integrated Dhaka Office on Tuesday.

According to the case statement, the accused former bank officials forged signatures, abused their power by giving six fake work orders and seven illegal bank guarantees without the approval of the office, and took out loans worth Tk176.18 crore from a principal branch of AB Bank.

Afterward, they transferred the money to their personal funds, which is a punishable offence under Section 467/468/471 of the Penal Code and Section 5 (2) of the Prevention of Corruption Act, 1947.

The accused in the case are: proprietor of Ershad Brothers Corporation Ershad Ali, former executive vice-president (EVP) and branch manager (now retired) of AB Bank ABM Abdus Sattar, former AVP and relationship manager Abdur Rahim, SVP and former relationship manager Anisur Rahman, AVP Ruhul Amin and Shahidul Islam, EVP and head of CRM at head office Wasika Afrazi , former VP Mufti Mustafizur Rahman, former SE VP and head of CRM (now retired) Salma Akhter AVP OCRM member of Head Office Mohammad Emarat Hassan Fakir, former principal officer, AB Bank (currently Principal Officer of Mutual Trust Bank) Touhidul Islam , member of SVP and CRM of AB Bank Shamim-e-Mershed, member of VP and CRM of the same bank at head Office Khandaker Rashed Anowar, member of AVP and CRM Sirajul Islam, VP and member of Credit Committee of AB Bank Mohammad Mahfuz-ul-Islam, , former DMD and MD (now retired) and head of Credit Committee of AB Bank Ltd (Head Office) Moshiur Rahman Chowdhury, former MD (now retired) AB Bank Shamim Ahmed Chowdhury.

On November 26, 2020, the commission filed three separate cases against 25 individuals, including the former chairman, senior officials, and nine directors of AB Bank Ltd, on charges of laundering Tk236 crore.

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