A Dhaka court on Wednesday convicted and sentenced six people including Chinese national Yang Wang Chung, chairman of Sinfa Knitters Limited, to various terms of imprisonment in a case filed by the Anti-Corruption Commission (ACC) on charges of embezzling over Tk2.59 crore.
Judge Iqbal Hossain of Dhaka Special Judge Court-5 handed down the verdict, reports Bangla Tribune.
Chinese national Yang Wang Chung and Director Khosru Al Rahman were sentenced to 13 years in prison and directors Mansorul Haque and Md Golam Mostafa were sentenced to 10 years each.
Besides, then-senior vice president (export) Abdul Wadud Khan and then-executive vice president Shahabuddin Chowdhury of National Bank's Dilkusha branch were sentenced to six years in jail.
Yang Wang, Golam Mostafa, Mansorul Haque and Khosru Al Rahman were tried in absentia and arrest warrants had been issued for them in the case.
Jahangir Hossain, deputy director of the ACC, filed the case on January 17 in 2017 at Motijheel police station.
After investigation, the ACC submitted the charge sheet against them on June 24, 2018.
The court framed charges against them on October 18 in 2019.
According to the case statement, the convicted people in collusion with bank officials created a fake deed and mortgaged it in a bank account through cheating and forgery.
They ran their business for a long time with the assurance of opening back-to-back LCs from the bank.
After that, the forgers went into hiding without paying over Tk2.59 crore owed to the bank, so that the bank could not recover their money by selling the land, mortgaged in the bank with forged documents, or could not trace them.
As a result, the real owner of the land faced harassment.
